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Mrs. Chhak Nam Village Bank Group
In this Group: Chhak, Cheok, Heng, Oeum, Phy, Em, Nom, Phy, Suon, Bu, Khen, Chuon, Sun, Khen
This bank of 14 members is located in Thmey Khmer Village in Kampong Chhnang Province. Mrs. Chhak N. is the village bank president. This is the second time she has to asked for a loan to improve her business activity. Mrs. Chhak N. is a farmer who cultivates two times a year and her husband, Mr. Duong Tork, is a cow and chicken breeder. Aside from this business, he sells firewood. Since his second business is going well, he wants to expand it so his wife, Mrs. Chhak N. decided to ask for a loan to buy more firewood to re-sell. Mrs. Chhak N. is 35 years old and the mother of four children who all currently attend school.

This is a village bank loan consisting of mainly end-of-term loans. Eleven members have end-of-term loans and the rest have monthly payment loans. These 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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,173.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chhak Nam Village Bank Group's $1,125 loan helped a member to ask for a loan to buy more firewood to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 27, 2008
Sep 12, 2008
Currency Exchange Loss:
Sep 15, 2009