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Mrs. Serei Chheng Village Bank Group
In this Group: Serei, Khem, Yan, Vannet, Kemsan, Sok Eng, Sokhon, Chamreon, Thy, Phally, Theeda, Thoen, Phirun, Sothea, Sochenda, Sophal, Ravy, Sam Arth, Sa Eam, Somaly
Twenty people who all live in Damnak Sangkae Village in Kandal Province are in this village bank and they will use this loan for different purposes.

Mrs. Serei C. is the village bank president. She is a farmer who owns two hectares to cultivate rice. Her husband, Mr. Roeung Samnang, owns a threshing machine which brings in income. Unfortunately, his threshing machine now needs to be repaired so his wife, Mrs. Serei C., decided to ask for a loan to fix it and re-start the business. Mrs. Serei C. is 46 years old and the mother of five children two of whom are dump truck drivers while the remaining three are attending the local school.

This is a village bank loan consisting of some end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. Those receiving end-of-term loans 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 thE. 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
  • 252
    View loans »
    Cambodia Loans Fundraising
  • $38,056,100
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Serei Chheng Village Bank Group's $2,425 loan helped a member to repair a threshing machine.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 4, 2008
Jan 1, 2009
Currency Exchange Loss:
Dec 15, 2009