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Mr. Bu Hun Village Bank Group
In this Group: Bu, Oeurn, Ven, Bu, Eng, Hun, Nuon, Kem, Em, Nuon, Khorn, Arn, Arn, Sun, Chev, Arn, Sun, Toeu*, Nat, Sun, Keu, Pheun, Nget
* not pictured
The Village Bank Loan, which consists of 23 members, is located in Peam Prochum Village in Kandal Province, and Mrs. Bu H. is the Village Bank President. All of the members plan to use the loan for a variety of purposes. For instance, Mrs. Bu H. is a cow and pig breeder, and as the animals grow bigger, she lacks sufficient money to buy food for them; she therefore is requesting a loan to buy grass and pig food for her animals. Aside from this business, she is a farmer who cultivates rice and vegetables while her husband, Mr. Mich H., assists her in order to improve their living conditions together.

Mrs. Bu H. is 50 years old and the mother of seven children, one of whom is a farmer while another two are employed in a garment factoR.. Another is an electrician while the remaining three are attending high school.

This is a village bank loan consisting mainly of end-of-term loans. Eight members have end-of-term loans and the rest have monthly payment loans. Group members are not required to pay any principal on the loan until the veR. end of the loan 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 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 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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,965,175
    Funds lent in using Kiva
  • 4,132.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Bu Hun Village Bank Group's $2,575 loan helped a member to buy grass and pig food for her animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 15, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009