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Mrs. Pov Choek Village Bank Group
In this Group: Pov, Chea, Sopheang, Chuth, Sarim, Yit, Gna, Yan
The village bank loan group in the Andoung Russey Village in Kampong Chhnang Province consists of 8 people who all plan to use their loan share for different purposes. Mrs. Pov C., 29 years old, is widowed and has two children, both of whom attend a local school. She is the president of the loan group and earns income breeding pigs. Her business is going well, and she would like to expand it. Therefore, Mrs. Pov C. is asking for a loan to buy additional piglets for her business, thereby hopefully increasing her income.
This is a village bank loan, mainly consisting of end-of-term (EoT) loans. Five members of the group have EoT loans, while the rest have monthly payment loans. They are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product, because it is 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, and almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and 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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,081.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Pov Choek Village Bank Group's $1,075 loan helped a member purchase of piglets for breeding.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2008
Listed
Nov 12, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010