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Mrs. Choeurn Thorn Village Bank Group
In this Group: Choeurn, Phen, Vet, Men, Hak, Khy, Roeurn, Khuon, Vit, Chea
Ten people in Tranpaing Pring Village in Kampong Chhnang Province form a village bank loan, and Mrs. Choeurn T. is the village bank president.

She is a grocer who owns a store in the local market. Since she has a lot of customers with many demands, she wants to expand her business. Thus, she decided to ask for a loan to buy more grocery goods for her customers. She hopes to increase her income and improve her living conditions with this loan.

Her husband, Mr. Nath Kar, sells firewood. Mrs. Choeurn T. is a 28-year-old mother of two children who are too young to work or study.

This is a village bank loan consisting of mainly end-of-term loans. Three members have end-of-term loans and the rest have monthly payment loans. These three 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 they are 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 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
  • 53
    View loans »
    Cambodia Loans Fundraising
  • $38,691,025
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Choeurn Thorn Village Bank Group's $1,200 loan helped a member to buy more grocery goods for her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 20, 2008
Dec 11, 2008
Currency Exchange Loss:
Dec 15, 2009