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Mrs. Ken Khuy Village Bank Loan Group
In this Group: Ken, Saroeurn, Savin, Saran, Sarun, Thorn, Pov, Moeng, Ren, Phal, Vanna, Vibol, Srey Pov, Touch, Sameur
This village bank loan group consists of fifteen people who all live in Trapeang Ampil village in Takeo province. Mrs. Ken K. is the village bank president, and she was selected by the members. She is a pig breeder. Since her breeding pigs business is going well, she wants to expand it by purchasing more piglets for breeding, and she would use the rest of the money to buy fertilizer to support her husband’s paddy field. Her husband, Mr. Peou Choeun, is a farmer who owns a 2-hectare field of land to cultivate rice. This couple has two children who are enrolled in the local school.

Nine members in this group loan are end-of-term loans and the rest have monthly payment loans. With an end-of-term loan, 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 tH. to repay portions of the principal whenever they are financially able. Most clients stA. 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 only 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,127.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ken Khuy Village Bank Loan Group's $2,350 loan helped a member to buy piglets for breeding and also fertilizer for her husband’s field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010