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Mrs. Mom Kob Village Bank Group
In this Group: Mom, Saras, Mai, Kroem, Saros, Sas, Saroeurn, Py As, Chy Noeu, El, Kai, Phors, La, Phorn, Yum
This is a group loan. The fifteen members of the group live in Svay Bakav village in Kampong Chhnang province. Mrs. Mom K. is village bank president. She is 38 years old and the mother of four children, who attend the local school. She is a farmer who cultivates rice on a small plot for a living. However, her field is infertile and she does not have fuE. for her water pump. Therefore, Mrs. Mom K. is asking for a loan to rectify these problems. Her husband, Mr. Man Prohim, is a fisherman.


This is a village bank loan consisting of end-of-term loans. End-of-term (EoT) loans are AMK’s main loan type. Borrowers are not required to pay any principal on the loan until the very end of the loan term. Borrowers can repay portions of the principal earlier than the end of the term if they are financialL. able, which most clients tend to do. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of onL. 0.09% and AMK has a default rate of 0% on Kiva loans.

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
  • 196
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Kob Village Bank Group's $1,600 loan helped a member to buy fertilizer and fuel to cultivate rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 27, 2008
Listed
Dec 20, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009