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Mrs. Vai Kim Huoch Village Bank Group
In this Group: Vai, Chheng, Horn, Yong, Chheng, Roeun, Ket, Reourn, Sim, Phai, Ang, Sim, Suth, Ye, Un, Vai, Mao, Mao, Soeung
NineteE. people in Tuol Ampil Village in Kampong Cham Province have formed a village bank, and Mrs. Vai K. H. is the village bank president. They each plan to use the loan for different purposes. For instance, Mrs. Vai K. H. is requesting a loan to buy more piglets while this business is going well. Her husband, Mr. Ock Sothy, is a construction worker who makes $2, which not enough income to support his family. Mrs. Vai K. H. is 22 years old and the mother of two childrE. who are both are too young to work or study because they are two years and five months old.

One among the nineteE. members in this village bank has an end-of-term loan, and the rest have monthly payment loans. This member is 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 they are 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
  • 202
    View loans »
    Cambodia Loans Fundraising
  • $37,037,925
    Funds lent in using Kiva
  • 4,060.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Vai Kim Huoch Village Bank Group's $2,775 loan helped a member to ask for a loan to buy more piglets for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 1, 2008
Listed
Sep 17, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009