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Mrs. Samnang Tong Village Bank Group
In this Group: Samnang, Kea, Ratt, Sokhem, Lai, Sophea
Mrs. Samnang T. is the leader of a group of six members who all live in Trapeang Dang Tuek village in Takeo province. She is a farmer who owns a plot of land to cultivate rice. Her husband, Mr. Sok Lav, sells firewood. Mrs. Samnang T. decided to ask for a loan to buy piglets for breeding to earn more income. She is 52 years old and the mother of four children. One child is employed in a garment factory; another is a seller; and the others are attending the local school.


All the members in this group are requesting end-of-term loans, so they are not required to pay any principal on the loan until the very end of the loan's 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. Most clients start to make their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Samnang Tong Village Bank Group's $575 loan helped a member to buy piglets for breeding to earn more income.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 9, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010