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Mrs. Soen On Village Bank Group
In this Group: Soen, Pech, Sokheng, Sokpheap, Chim, Srey Mom, Khoen, Khen, Ang, Khen, Sokreth, Kun, Srey Nan, Sophal, Malin
This village bank in Damnak Sangkae Village in Kandal Province consists of 15 people. They will use the loan for different purposes.

Mrs. Soen O. is a village bank president and she is a grocer. Since she has a lot of customers with high demand, she decided to ask for a loan to buy more grocery goods for her inventory and she hopes to increase her income with this new loan. Her husband, Mr. Phorn Nhock, helps her in the current business. Mrs. Soen O. is 40 years old and the mother of a child who is working in a garment factory.

This is a village bank loan consisting of some end-of-term loans. Five members have end-of-term loans and the rest have monthly payment loans. Group members are not required to pay any principal O. 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. Most clients start to make payments many months before the end of the loan term. Almost all of AMK's clients make their payments O. time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% O. 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
  • 58
    View loans »
    Cambodia Loans Fundraising
  • $38,700,050
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Soen On Village Bank Group's $1,750 loan helped a member to buy more grocery goods to expand the inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 27, 2008
Jan 1, 2009
Currency Exchange Loss:
Dec 15, 2009