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Mrs. Mey Khorn's Village Bank Group
In this Group: Mey, Prum, Chhoem, Chrey, Sak, Per, Chet, Sann, Nuon, Teng, Horng, Ith, Pich, Sak, Ton, Toek, Sao
This village bank, which consists of seventeen members, is located in Boeng Tranh Village in Takeo Province and all the members will use the loan for different purposes. Mrs. Mey K. is the village bank president and she is a pig breeder. Since her business is going well, she wants to expand it, so she decided to ask for a loan to buy more piglets. She will use the rest of the loan to purchase pig food to feed her pigs. She hopes to increase her income and improve her living conditions after she sells the new pigs. Mrs. Mey K. is a 62-year-old widow with a child who is a taxi driver, who can make a small income to support the famiL..



This is a village bank loan consisting of mainL. end-of-term loans. Seven members have end-of-term loans and the rest have monthL. payment loans. These 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 they are the most beneficial to Cambodia’s poor. These allow them to repay portions of the principal whenever they are financialL. 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 onL. 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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $36,215,100
    Funds lent in using Kiva
  • 4,090.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mey Khorn's Village Bank Group's $2,075 loan helped a member to buy more piglets and purchase pig food to feed her pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 9, 2008
Listed
Oct 26, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009