Check out some available loans that are similar to this one!
Mrs. Srey Mom Koy Village Bank Group
In this Group: Srey Mom, Phon, Phorn, Van, Phon, Phoeurn, Nat, Soeu
Eight people who are all living in Kdei Tnaot village in Takeo province make up this village bank loan. Mrs. Srey Mom K. is a village bank loan group president who has been selected by the members. They will all use the loan for different purposes. Srey is a farmer who owns a small piece of land to cultivate rice. Her husband, Mr. Mom Thearen, is an electrician. Mrs. Srey Mom K. is requesting this loan to buy 150 chickens and chicken feed for breeding. She hopes to increase her income and improve her family's living with this loan. She is 23 years old and the mother of a child who is still too young to work or study.

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
  • 275
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 4,151.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srey Mom Koy Village Bank Group's $1,250 loan helped a member is requesting a loan to buy 150 chickens and chicken food for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 16, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010