Check out some available loans that are similar to this one!
Mrs. Leang Met Village Bank Group
In this Group: Leang, Sopheap, Teang, Aun, Len, Veng, Chenda, Phors, Lang, Choeurn, Heang, Chengkeo*, Hun, Roem, Tha, Sophen
* not pictured
Sixteen people who live in Ra village in Kampong Chhnang province form a village bank loan. Mrs. Leang M. is the village bank president.

She is a rice middleman who buys rice to keep in stock and re-sell later at better price. Since her business is going well, she wants to expand it. UnfortunateL., she does not have enough money to buy more rice. In order to solve this problem, she decided to ask for a loan to add to her capital to purchase more rice that she can then re-sell later. She hopes to increase her income and provide a better life for her children.

Her husband, Mr. Sum Tha, is a farmer who owns a plot of land to cultivate rice. He also is a policeman who can make a small salary to support the famiL.. Mrs. Leang M. is 28-years-old and the mother of six children who are attending the local school.

This is a group loan consisting of mainL. end-of-term loans. Three members have end-of-term loan and the rest of have monthL. 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 financialL. 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 onL. 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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,093.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Leang Met Village Bank Group's $2,075 loan helped a member to add to her capital to purchase more rice that she can then re-sell later.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2008
Listed
Dec 22, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009