Check out some available loans that are similar to this one!
Mrs. Sokit Chann Village Bank Group
In this Group: Sokit, Srey Mao, Chanthy, Sam Rong, Khom, Vanna, Bopha, Vorn, Chantha, Van, Hurn, Von, Yan, Mi, Sam Ol, Muon
Sixteen people who located in Thnal Teaksen village in Takeo province made up the village bank loan and Mrs. Sokit C. is a village bank president. She owns a small restaurant in the local village. Since this business is going well, she wants to bU. more ingredients for her current business so she decided to ask for a loan to bU. them. Her husband, Mr. Ven Na, is a farmer and he also helps his wife on the current business. Mrs. Sokit C. is 37 years old and the mother of three children two of whom are attending the local school while the youngest one is too young to work or study because that child is on the age of two years old. Mrs. Phuong Dara who is a group guarantee is also presented in the picture with the village bank loan.

Two members in this village loans are end-of-term loans and the rest have monthly 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 financially able to. 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 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
  • 97
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sokit Chann Village Bank Group's $2,225 loan helped a member to buy more ingredients for her current business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010