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Mrs. Koen Hang Village Bank Loan Group
In this Group: Koen, Sarom, Ly, Keam, Reth, Hong Lang, Shina, Trey, Sann, Srim, Try
Eleven people who are living in Pouthi Reamea village in Kandal province are members of the Village Bank Loan Group. Mrs. Koen H. is a the group president who has been selected by the members. They will each use the loan for different purposes. She is a pig breeder. Since her breeding pigs business is doing well, she wants to expand it by purchasing more piglets for breeding. Her husband, Mr. Em Leang, is a hard-working man. This couple has six children, one of whom is employed in a garment factory, while another helps the parents work, and the others are attending the local school.

Six members of this group loan are end-of-term loans and the rest have monthL. payment loans. They are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financialL. able to do so. Most clients start to make payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of onL. 0.09% and AMK has a default rate of 0% on Kiva.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 4,127.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Koen Hang Village Bank Loan Group's $1,600 loan helped a member to buy more piglets for breeding.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2009
Listed
Sep 7, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010