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Mrs. Srey Hun Village Bank Group
In this Group: Srey, Noeurn, Srey Mao, Nuy, Heang, Sroy, Mach, Sam, Thavy, Chandy, Thoeurn, Roeurn, Norn, Muth, Neang, Yorn*, Kemma, Nov
* not pictured
The village bank loan, which consists of eighteen members, is located in Chreaek Village in Kampong Cham Province. Mrs. S. H. is the village bank president who has been selected by the members to receive a loan. She owns a small grocery store where she sells grocery products. She is a 45-year-old widow with three children, two of whO. are fishermen while the youngest one attends the local school. Since their fishing business faces some problems, Mrs. S. H. decided to ask for a loan to buy more fishnets and fish line for this business. She hopes to increase her income and improve her living conditions with this new loan.

This is a village bank loan consisting of mainly end-of-term loans. Sixteen members have end-of-term loans and the rest have monthly payment loans. They 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 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 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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,081.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srey Hun Village Bank Group's $1,425 loan helped a member to ask for a loan to buy more fishnets and fish line for the family fishing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010