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Anonymous Group
In this Group: Anonymous, Anonymous, Anonymous*, Anonymous, Anonymous, Anonymous, Anonymous, Anonymous, Anonymous, Anonymous
* not pictured
The Village Bank, located in Svay Chek village in Kampong Chhnang province, consists of ten members who plan to use the loan in different ways. Mrs. Vit B. is the Village Bank president; she was selected by the members. She is a grocer who owns a small store in her house. Her husband, Mr. Teng Chuon, is a rice middleman who wants to expand his business. Mrs. Vit B. decided to ask for a loan to add her capital to purchase more rice to keep in stock and then re-sell at better price. She hopes to increase her family's income and improve their living conditions with this loan. She has two children who are attending the local school.


This is a group loan consisting mainly of end-of-term (EoT) loans (nine members have end-of-term loan and the rest of have monthly payment loans). Members with EoT loans are not required to pay any principal on the loan until the very end of the loan term. End-of-term 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
  • 252
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,095.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Anonymous Group's $1,125 loan helped a member to purchase more rice to keep in stock then re-sell at better price.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2008
Listed
Dec 22, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2012