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Mrs. Thy Klang Village Bank Group
In this Group: Thy, Khum, Kay, Noem, Nun, Sokha, Pha, Chanthorn, Narin, Vimean, Sokhom, Sokhhea, Khat, Set, Phally, Sarem, Thou, Khea Ry, Sopheap, Hai
The group receiving this village bank loan consists of twenty people I. Thnal village I. Kampong Chhnang province. Mrs. Thy K. is a village bank president. She is a rice middleman who buys rice to keep I. stock and then resell later at a better price. Since this business is going well, she wants to expand it, so she decided to ask for a loan to buy more rice to keep I. stock. She hopes to increase her income and improve her living conditions with this new loan. Her husband, Mr. Uk Kry, is a construction worker who can make a little income to support the family. Mrs. Thy K. is 48 years old and the mother of four children who all attend the local school.

This is a village bank loan consisting of mainly end-of-term loans. Eight members have end-of-term loans and the rest have monthly payment loans. Group members 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 maI. product because they are the most beneficial to Cambodia’s poor. These allow people 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 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
  • 110
    View loans »
    Cambodia Loans Fundraising
  • $35,452,575
    Funds lent in using Kiva
  • 4,020.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Thy Klang Village Bank Group's $2,400 loan helped a member to buy more rice to keep in stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010