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Mrs. Mom El Village Bank Group
In this Group: Mom, Srey Nov, Vin, Pheap, Roeurn, Phea, Hai, Phorn, Yet
Nine people who all live in Prapang Mates Village in Kampong Chhnang Province comprise this village bank loan, led by Mrs. Mom E., a rice farmer. Although she works hard on the plantation, it yields inadequate rice revenue to support Mom’s family well. In order to improve her living conditions, she is requesting a loan to buy a plot of land to plant rice on, an action that she hopes will increase her revenue.



Mrs. Mom E. is 30 years old and the mother of three children who are all attending the local school. Her husband, Mr. Soeurn SoE., is a firewood collector who goes to the forest and gathers firewood to sell for an income.




This is a village bank loan consisting of mainly end-of-term loans. Five members have end-of-term loans and the rest have monthly payment loans. They are not required to pay any principal 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 thE. 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% with 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom El Village Bank Group's $1,000 loan helped a member to buy a plot of land to plant rice on.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2008
Listed
Nov 27, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009