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Mrs. Sokhom Touch Group Loan
In this Group: Sokhom, Sochea, Koem, Arnn
Mrs. Sokhom T. is the leader of a four member group in Pou Khvet village in Takeo province. She is a Khmer cake maker. Her husband, Mr. Heng Soeun, is a farmer and cultivates rice on a piece of land he owns. The couple also acts as a rice middle-man. Since their business is doing well, they want to expand it by purchasing more rice to re-sell to earn more income. Thus, Mrs. Sokhom T. decided to ask for a loan for this purpose. She is 49 years old and the mother of three children, two of whom are enrolled in the local school, while the youngest is too young to work or study. Mr. Heng Soeun came to request the loan, so he is presented in the picture instead of Mrs. Sokhom T..

Only one member in this group has an end-of-term loan, while 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 they are the most beneficial to Cambodia’s poor, as they allow them to repay portions of the principal whenever they are financially able. 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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sokhom Touch Group Loan's $675 loan helped a member to buy more rice to re-sell to earn more income.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010