Check out some available loans that are similar to this one!
Mrs. Sok Kheng's Village Bank Group
In this Group: Sok, Chhun, Phom, Khorl, Kham, Nhem, Tim, Tim, Chun, Phum, Pho, Uo, Um
This village bank loan, which consists of thirteen people, is located in Bompong Phchoek Village in Kampong Chhnang Province. Mrs. Sok K. is village bank president. She is a basket maker in the local village. Aside from this business, she is a poultry breeder who raises chicken. Mrs. Sok K. is a 44-year-old widow with four children, two of whom help with their mother's businesses, while the others are attending the local school. Although Mrs. Sok K. and children try to help each other to earn a living, they still live in an old house. To improve her living conditions, Mrs. Sok K. decided to ask for a loan to buy zincs to fix her roof during the rainy season.

All the members in this village bank have end-of-term loans so they 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 they are the most beneficial to Cambodia’s poor. These allow thE. to repay portions of the principal whenever they are financially able to. Most clients stA. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 286
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,090.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sok Kheng's Village Bank Group's $1,175 loan helped a member to purchase zincs to fix her roof during the rainy season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 9, 2008
Listed
Oct 25, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010