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Mrs. Kean Ol Village Bank Group
In this Group: Kean, An, Phion, Yoem, Oin, Kean, Lim, Chin, Chi, Im, Horn, Phion, Lun
Thirteen people, all of whom live in Cheung Voat Village in Kampong Cham Province, have formed a village bank. Mrs. Kean O. is the village bank president. She is a 40-year-old widow with four children: two of whom are employed in a garment factory, while the remaining two attend the local schoO.. Kean is a cow breeder, but she also owns one pig. Although her family works hard in different businesses, they still live in poor conditions. As such, Mrs. Kean O. is requesting a loan to buy piglets to start a new pig breeding business. She hopes to increase her income and live in better conditions with this new loan.

This is a village bank loan consisting mainly of end-of-term loans. Four members have end-of-term loans, and the rest have monthly payment loans. End-of-term (EoT) loans are AMK's main product, because they are the most beneficial to Cambodia's poor. This type of loan allows them to repay portions of the principal whenever they are financially able to do so. These members are not required to pay any principal on the loan until the very end of the loan term; but 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 0% default rate on Kiva loans.

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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,071,300
    Funds lent in using Kiva
  • 4,159.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kean Ol Village Bank Group's $1,575 loan helped a member to buy piglets to start a new pig breeding business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 17, 2008
Listed
Oct 1, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009