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Mrs. Poen Eth's Village Bank Group
In this Group: Peon, Chat, Ong, Nut, Chit, Din, Toem, Chat*, Ong, Toem, Yin
* not pictured
Mrs. Poen E.'s Village Bank and its members are located in Peareach Village in Kampong Chhnang Province.Mrs. Peon E., president of the village bank, is a 40-year-old widow with four children, two of whom are employed in a garment factory while the remaining two are enrolled in the local school. She owns a small plot of land on which she can cultivate rice for a living. In her plantation, she now faces an obstacle because the soil is infertile and has led to declining crop yields. To deal with this problem, Mrs. Peon E. has decided to ask for a loan to buy fertilizers to better support the field.


This is a village bank loan consisting of mainly end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. Group 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. 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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,860,325
    Funds lent in using Kiva
  • 4,107.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Poen Eth's Village Bank Group's $1,250 loan helped a member to buy fertilizers in order to increase crop yields.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 19, 2008
Listed
Oct 5, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009