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Mrs. Long Pork Village Bank Group
In this Group: Long, Leab, Sokhim, Chhom, Sarorn, Touch, Savoeun, Khurn, Oeurn, Chenda, Uok, Sarit, Sophany, Leang Ay, Vanthorn, Rorn, Sothorn, Roem, Ron, El
Mrs. Long P. is a weaver. Since her business is doing well, she wants to expand it by purchasing more raw materials. Her husband, Mr. P. Saroeun, is a motorbike taxi driver. This couple has four children: two are weavers, one is employed in a garment factory, and the last one is attending the local school.


Mrs. Long P. is the village bank president. This village bank consists of 20 people located in Trapeang Veaeng village in Takeo province. The members will use their loans for different purposes. Ten members of this group loan have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. EoT loans allow 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 clients make their payments on time. AMK has a delinquency rate of only 0.09% and 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
  • $36,585,575
    Funds lent in using Kiva
  • 4,151.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Long Pork Village Bank Group's $2,425 loan helped a member to purchasing more raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010