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Mrs. Nget Soun Village Bank Group
In this Group: Nget, Vicheth, Sokhim, Huoy, Eth, Chamreourn, Long, Morn, Thai, Rith, Phath, Pha, Yoeung, Savorn, Srun, Srey, Ngaeth, Sreiroart, Navy, Srey Toch, Toma, Mai
The village bank consists of twenty-two members and is located in Roka village in Kandal Province, and they plan to use the loan proceeds for different purposes. Mrs. Nget S. is the village bank president who has been selected by the members. She is a Khmer noodle seller. She has been earning progressively less income to support her household, and she now lives in poor conditions and so wants to start a new business. Thus, she decided to ask for a loan to buy tables, chairs, plates and so on to start a rice soup business. She is a 42-year-old widow with four children who are all attending the local school.


This is a group loan consisting mainly of end-of-term loans. One member has end-of-term loans and the rest of have monthly 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 it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financially able to. Most clients start to make their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,105,500
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Nget Soun Village Bank Group's $2,850 loan helped a member to buy tables, chairs, plates and supplies to start a rice soup business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2008
Listed
Nov 26, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009