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Mrs. Sin Ann's Village Bank Group
In this Group: Sin, San, Ngouv, Pech, Chum, Chum, Set, Nuth, Kouch, Nhean
Ten people in Trapeang Lean Village in Takeo Province comprise this village bank loan, led by Mrs. Sin A., the 22-year-old mother of two children who are yet too young to attend school. Sin and her husband, Mr. C. Pros, are farmers who own 0.3-hectare of land upon which to cultivate rice. Unfortunately, their field is currently infertile, so Sin is requesting a loan to buy fertilizers to revitalize it.



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, allowing 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
  • 58
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,038.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sin Ann's Village Bank Group's $700 loan helped a member to buy fertilizers to make her crop more productive.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 13, 2008
Listed
Oct 30, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009