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Mrs. Vy Yab Village Bank Group
In this Group: Vy, Tung, Tieng, Bin, Sopha, Orn, Am, Srim, Sokhum, Teng
This village bank which consists of ten people is located in Phum Da Village in Kampong Chhnang Province. Mrs. Vy Y. is the village bank president who has been selected by the members. She is a fisherwoman. In her business, she now faces a small problE. because she does not have enough fishing tools, so she decided to ask for a loan to buy nets and fishing lines to catch fish. She hopes she can gather more fish to support her family. Mrs. Vy Y. is a 48-year-old widow with 10 children, five of whom are working in a garment factory while the others are attending the local school and also help their mother when they have free time.


Mrs. Vy Y. will share this loan with the other group members, who will use their portion for a variety of purposes.


All the members in this village bank are seeking end-of-term (EoT) loans so they are not required to pay any principal on the loan until the very end of the loan 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.

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
  • 183
    View loans »
    Cambodia Loans Fundraising
  • $36,989,750
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Vy Yab Village Bank Group's $750 loan helped a member to ask for a loan to buy fishnets and fish lines to catch fish.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 9, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009