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Mrs. Khek Chea's Village Bank Group
In this Group: Khek, Lun, Sin, In, Chim, Nuon, Khat, Mork, Nong, Mork, Thuch
Eleven people in Sre Sa Village in Kampong Chhnang Province make up this village bank loan. They each plan to use the loan for different purposes. Mrs. Khek C. is the village bank president and is a farmer who owns a hectare to cultivate rice. Her husband, Mr. Vong Sean, is a construction worker and firewood seller. Because the second business is going well, he wants to expand it; so his wife decided to ask for a loan to buy more firewood to re-sell to the customers. Mrs. Khek C. is 59 years old and the mother of five children. Two of the children are construction workers, while another is a farmer. The remaining two are attending the local school.



Mr. Nuon Y.’s wife came to take out the loan for her husband, so she is presented in the picture.



This is a village bank loan consisting of mainly end-of-term loans. Three 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 do so. 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 (Kiva’s Field Partner) has a delinquency rate of only 0.09% and 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
  • 171
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • 4,156.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Khek Chea's Village Bank Group's $1,425 loan helped a member to buy more firewood to re-sell to customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 20, 2008
Listed
Oct 6, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009