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Sa Aeth's Group
In this Group: Sa Aeth, Oun, Sophean, Sida, Sin, Nary, Yan, Sareth
This village bank, which consists of eight members, is located in Svay Khoy village in Kampong Chhnang province. The group members plan to use the loan for different purposes. Mrs. Sa Aeth A. was selected by the members to be the village bank president. She sells fish in the market. Since this business is going well, she wants to expand it, so she decided to ask for a loan to buy more fish to sell. She hopes to increase her income and provide a better life for her family. Her husband, Mr. NhO. Sat, breeds pigs. Mrs. Sa Aeth A. has a child who attends the local school.

One member in this village bank loan is an end-of-term loan and the rest have monthly payment loans. The one member is 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 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 clients make their payments on time.

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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sa Aeth's Group's $1,150 loan helped a member to buy more fish to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010