Check out some available loans that are similar to this one!
Mrs. Samlout Chhum Village Bank Group
In this Group: Samlout, Set, Phall, Sok, Cheng, Sophall, Sambath, Teng, Nheb, Phalla, Sambour
Eleven people, who all live in Kampong Boeng village in Kampong Chhnang province, make up this village bank (group) loan. All the members will use the loan for different purposes. Mrs. Samlout C. is the village bank president who has been selected by the members. She is a fish seller. Because this business is going well, she wants to expand it, so she decided to ask for a loan to buy more fish to re-sell. Her husband, Mr. Hoet Bunheng, is a construction worker who can make a small income to support the family. Mrs. Samlout C. is 37 years old and the mother of three children, who are all attending the local school.



All the members in this group loan have end-of-term loans, so 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 tH. to repay portions of the principal whenever they are financially able to do so. 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 (Kiva's Field Partner) has a delinquency rate of only 0.09% and 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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,556,825
    Funds lent in using Kiva
  • 4,081.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Samlout Chhum Village Bank Group's $775 loan helped a member to buy more fish to re-sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 3, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009