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Mrs. Mom Un Village Bank Group
In this Group: Mom, Channy, Sopheak, Savang, Chathorn, Shithach, Pao, Dyna, Vannaren, Sat, Samuth, Srey Nhanh, Shimorn, Sophal, Sarom, Sotom
This village bank which consists of 16 people is located in Damnak Sangkae Village in Kandal Province and Mrs. Mom U. is village bank president. She is a housewife who cooks delicious food for her household. She is 37 years old and the mother of three children who are all attending the local school. Her husband, Mr. Phal Trai, is a well digger in the local village. In his business, he now faces a problem because he has insufficient equipment to dig the wells. So Mrs. Mom U. decided to ask for a loan to buy equipment for her husband's business.


This is a village bank loan consisting of some end-of-term (EoT) loans. Four members have EoT loans and the rest have monthly payment loans. Those receiving EoT loans are not required to pay any principal on the loan until the veR. end of the loan 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 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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Un Village Bank Group's $2,025 loan helped a member to buy well-digging equipment.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009