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Mrs. Pech Thorn Village Bank Group
In this Group: Pech, Pheon, Chan, Pheon, Khein, Choun, Arth, Keov, Ken, Cheng, Tit, Chan, Ol, Khom, Chem
The village bank loan group which is located in Veal Thom Village in Kandal Province consists of fifteen people and they plan to use the loan which they have obtained for different purposes.

Mrs. Pech T. is the village bank president who has been selected from the members. She is a village chef’s assistant as well as a farmer. She now faces a small problem because her field is infertile and this is having a bad effect on her crop. Therefore she decided to ask for a loan to buy fertilizers and pesticides to support her field to make her crop more productive.

One member in this village bank has end-of-term loans and the rest have monthly payment loans. This member is 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. 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
  • 315
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,145.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Pech Thorn Village Bank Group's $2,100 loan helped a member to buy fertilizers and pesticides to support her field to make her crop more productive.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 14, 2008
Listed
Oct 30, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009