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Mrs. Chroek Phean Village Bank Group
In this Group: Chroek, Sok, Tith, Uch, Um, Duch, Keo, Prum, Keo, Chroek, Kil, Tith, Khiev, Pheuk, Prak, Khoem
Mrs. Chroek P. is the village bank president of the village bank which consists of sixteen people who live in Taing Pon Village in Kampong Chhnang Province. They plan to use the loan for different purposes. Mrs. Chroek P. sells coal in the local village. Aside from this, she breeds cows and is raising two. Her husband, Mr. Sem Tuen, owns a small kiln where he can make coal for his wife to sell. Since this business is going well, he wants to expand it, so Mrs. Chroek P. decided to ask for a loan to buy wood for her husband to make coal. Mrs. Chroek P. is 26 years old and the mother of two children, one of whom is attending school while the youngest one is only three years old. There are three men who are shown in the picture, instead of their wives.

This is a village bank loan consisting of mainly end-of-term loans. Four members have end-of-term loans and the rest have monthly payment loans. These members are not required to pay aN. 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 maN. 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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,030.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chroek Phean Village Bank Group's $1,975 loan helped a member to buy wood for her husband to make coal for her to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 30, 2008
Listed
Sep 16, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009