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Mrs. Sam Sambath Village Group
In this Group: Sam, Choem, Nu, Laos, Him, Chem, Mang, Yi, Kheng, Vann, Phal, Tea, Chean, Sum
FourteE. people in Chrolong Village in Kampong Chhnang Province have formed a village bank, and are asking for a loan which they will use for different purposes. Mrs. Sam S. is the village bank president and she breeds cows. Her husband, Mr. Yean Saly, is a fisherman in the local lake. Unfortunately, he can no longer fish because his boat is too old. In order to restart this business, his wife, Mrs. Sam S. decided to ask for a loan for a new boat for her husband's business. Mrs. Sam S. is 39 years old and the mother of six childrE., one of whom is employed in a garment factory while another one is a fisherman. The other three attend school, while the youngest one is only four years old. Mrs. Sam S. was too busy with her work, so her husband is shown in the photo.

This is a village bank loan consisting of mainly end-of-term loans. Twelve 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 repay. 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
  • 264
    View loans »
    Cambodia Loans Fundraising
  • $37,524,925
    Funds lent in using Kiva
  • 4,073.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sam Sambath Village Group's $1,125 loan helped a member to buy a new boat.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 30, 2008
Listed
Sep 16, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2011