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Mr. Vat Von Village Bank Group
In this Group: Vat, Chan, Nom, Shi Noy, Mech, Moen, Sokly, Ratha, Phally, Sokphea, Sarom
Eleven people who live in Srae Kouk village in Kandal province formed a village bank and Mr. Vat V. is the village bank president. He and his wife, Mrs. So Phan, are farmers who own a plot of land to cultivate rice. Since it is now the rice harvesting season, they do not have enough money to hire laborers to harvest rice. Thus, Mr. Vat V. decided to request a loan to hire laborers to harvest rice on his field. He is 60 years old and the father of five children, two of whom are employed in a garment factory while the others are attending the local school.
This is a group loan consisting of mainly end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. These 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 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
  • 50
    View loans »
    Cambodia Loans Fundraising
  • $38,700,050
    Funds lent in using Kiva
  • 4,081.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Vat Von Village Bank Group's $1,100 loan helped a member to request a loan to hire laborers to harvest rice on his field.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 3, 2008
Jan 1, 2009
Currency Exchange Loss:
Dec 15, 2009