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Mrs. Leak Lim's Village Bank Group
In this Group: Leak, Chmroen, Chhen, Lonh, Phall, Um, Han, Pen, Saom, Teng, Prom, Pech, Prom, Teng, Touch, En, Soen, Soen, Chan, Eam, Ut, Chea, Chit, Sous, Roen, Chaim, Dim, Yem
This Village Bank which consists of twenty-eight people is located in Khsach Village in Kandal Province. Most of the members are married and they plan to use the loan in different purposes. For instance, Mrs. Leak L. is the village bank president and a vegetable seller in the local market. She will use her share of the loan to buy different kinds of vegetables to re-sell since this business activity is going well. Mrs. Leak L. is a widow with three children who are all employed in Naga Club which is a famous casino in Phnom Penh city, Cambodia. She hopes to increase her income and improve her living conditions with this loan.




This is a village bank loan consisting partly of end-of-term loans. Three members have end-of-term loans and the rest have monthly payment loans. Three members are not required to pay any principal on the loan until the very 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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 4,064.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Leak Lim's Village Bank Group's $3,850 loan helped a member to buy more vegetables for re-sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 21, 2008
Listed
Sep 7, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009