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Mrs. Nov Rours Village Bank Group
In this Group: Nov, Chhoeurn, Kheng, Tet, Mak, Ny, Hok, Chum
The Village Bank, located in Angk Village in Kandal Province, consists of eight members who will use the loan for a variety of purposes. For example, Mrs. Nov R., the Village Bank President, is a fisherwoman requesting a loan to buy a new boat in order to restart her business which has been sidelined due to the unseaworthiness of her current boat. Her husband, Mr. Tong Pheng, assists in her business.



Nov is 42 years old and the mother of six children, two of whom are employed in a garment factory while another two help their parents and do housework. The remaining two are attending the local school.


This is a village bank loan consisting mainly of end-of-term loans. Five 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 they are the most beneficial to Cambodia's poor, allowing 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
  • 102
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,075.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Nov Rours Village Bank Group's $850 loan helped a member to buy a new boat in order to restart her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 10, 2008
Listed
Sep 26, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009