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Mrs. Hon Orm Village Bank Group
In this Group: Hon, Hoem, Ert, Vet, Hann, Han, Hieb, Khet, Nich, Khorn, Mol, Srey Naet, Rem, Mom*, Sok Na
* not pictured
Fifteen people who are all living in Ta Sman village in Takeo province is made up the village bank loan. Mrs. Hon O. is a village bank president who has been selected the members and they all will use the loan in different purposes. She is a pig breeder. Her husband, Mr. Kaem Lounh, is a farmer who owns a small piece of land to cultivate rice and vegetables. In this plantation, he faces an obstacle because his field is infertile soil. Thus, Mrs. Hon O. decided to ask for a loan to buy fertilizer to support the rice field and she would use the rest of money to buy a battery for her family. She is 42 years old and the mother of six children, one of whom is a mirror cutter while the others two are sellers and the others are attending the local school.
All the members in this group loan are end-of-term loans so they are not required to pay any principal on the loan until the very end of the loans 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 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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,177.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Hon Orm Village Bank Group's $1,000 loan helped a member to ask for a loan to buy fertilizer to support the rice field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 14, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010