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Mrs. Ro Sarim Group
In this Group: Ro, Kang, Ean, Khen, Yan
The group leader of five is Mrs. Ro S., age 28, and all of the members live in Thmey Khmer Village in Kampong Chhnang Province. She owns a small grocery store in the local village. Since this business is going well, she wants to expand and has decided to ask for a loan to purchase more grocery products for her inventory.


Her husband has two hectares where he cultivates rice to earn money for the family. Mrs. Ro S. is the mother of two children, one of whom is attending the local school while the other, age two, is too young to work or study.


This is a group loan consisting of mainly end-of-term loans. Four 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
  • 87
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,109.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ro Sarim Group's $425 loan helped a member to purchase more grocery products to increase the store inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 5, 2008
Listed
Oct 22, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 16, 2009