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Mrs. Morn Kungmonech's Group
In this Group: Morn, Morn, Sorn, Tem
Mrs. Morn K. is the group leader of four loan members who live in Klaeng Poar Village in Kampong Chhnang Province. Mrs. Morn K. is 28 years old and the mother of two children who are both attending a local school. She is a laborer who earns a small income to support her family. Her husband, Mr. Pov Sam Arn, is a construction worker. Even though Mrs. Morn K. and her husband work in different businesses, they still cannot support their family sufficiently. In order to improve their living conditions, Mrs. Morn K. is asking for a loan to buy four piglets to start a pig breeding business.


One among four in this group has end-of-term loans and the rest have monthly payment loans. The 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.

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
  • 219
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,144.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Morn Kungmonech's Group's $500 loan helped a member to buy four piglets to start a pig breeding business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 28, 2008
Listed
Oct 14, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009