Nass Soem's Group
Status: Paying Back
| $400 |
Loan Request
Pre-Disbursed
: Sep 16, 2009
Listed: Nov 1, 2009
Funded: Nov 1, 2009
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0% repaid
About the Field Partner
| AMK (Angkor Microfinance Kampuchea) administers this loan. Learn more | |||||||
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| Field Partner: | AMK (Angkor Microfinance Kampuchea) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 23 months | ||||||
| Kiva Entrepreneurs: | 22773 | ||||||
| Total Loans: | $3,883,475 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | N/A - see note | ||||||
| Default Rate: | 0.00% (see note) | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Cambodia |
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| Avg Annual Income: | $2,600 |
| Currency: | Cambodia Riels (KHR) |
| Exchange Rate: | 4,151.0000 KHR = 1 USD |
In this Group:
Nass Soem, Saroem Morm, On Sae, Nat Morn
Nass Soem, Saroem Morm, On Sae, Nat Morn
About the Loan
| Location: | Bang Bat Village, Cambodia | Repayment Term: | 14 months (more info) |
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| Activity: | Weaving | Repayment Schedule: | At end of term | |
| Loan Use: | To buy more raw materials for her weaving business. | Currency Exchange Loss: | Possible | |
| Default Protection: | Not Covered |
Mrs. Nass Soem is a group leader of four members who all live in Bang Bat village in Takeo province. She is 40 years old and single with two sisters. She is a weaver and now she is requesting a loan to buy more raw materials for her weaving business. She hopes to increase her income and improve the family living with this loan.
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.
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more
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.
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more
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Lenders to this group
Goldy
Gan Haim,
Carol
Northfield, MN
United States
Carmen
Pasadena, CA
United States
Hanna
Solna, Stockholm
Sweden
Mark
New York, NY
United States
Ken
Treadwell, NY
United States
louis hemmings & family
Dublin, Leinster
Ireland
Marie
Burnaby, British Columbia
Canada
Saturngirl
West London,
United Kingdom
Bob and Suzanne
Glastonbury, CT
United States
Anonymous
Kyle
Rochester, MN
United States
Top Lending Teams for this group
Journal entries for Nass Soem's Group
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Loan has been disbursed
Location: Bang Bat Village, Cambodia
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Posted by
from Bang Bat Village, Cambodia
Nov 2, 2009 |
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Comment on this entry
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Repayment Schedule for Nass Soem's Group
Repayment Schedule for Nass Soem's Group
| Expected Repayments | Actual Repayments | Comments | |||
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| November 2010 | $400.00 | Available Nov 1 | |||
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