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Mrs. Horn Bou Village Bank Group
In this Group: Horn, Moch, Phon, Yoem, Beth, Mach, Muon, Sim, Than, Phally, Yin, Mary, Nan, Yen, Ngen, Tam, Tem, Chan, Soeung
The village bank loA. which consists of nineteen people and they all live in Peam Prachum village in Kandal province. Mrs. Horn B. is the village bank president who has been selected by the members. She and her husband, Mr. Veth Hun, are farmers who own a plot of land to cultivate both rice and vegetables to earn for living conditions. In the rice growing, they face A. obstacle because they do not have enough money to buy rice seed and fertilizer to support the paddy field. Thus, Mrs. Horn B. decided to ask for a loA. for this purpose. She is 51 years old and the mother of six children, two of whom are employed in a garment factory while another stays at home to do housework and the others are enrolled in the local school.

Twelve members in this group loans are end-of-term loans and the rest have monthly payment loans. They are not required to pay any principal on the loA. until the very end of the loA. term. End-of-term (EoT) loans are AMK’s main product because it is the most beneficial to Cambodia’s poor. It allows thE. to repay portions of the principal whenever they are financially able to. Most clients start to make payments many months before the end of the loA. 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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,175.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Horn Bou Village Bank Group's $2,950 loan helped a member to ask for a loan to buy rice seed and fertilizer to support the paddy field.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010