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Mrs. Kim Hong Heng Village Bank Group
In this Group: Kim Hong, Sopheap, Sam Oeun, Kin, Pheary, Sam, Va, Daneth, Maly, Rokey, Savorn, Chantha, Mary, Bopha, Seangheak, Khemsroin, Teab, Saroeun, Oun
Mrs. Kim Hong H. is a village bank group president of nineteen people, who all live in Phum Saeprammuoy village, in Kampong Cham province. Each member of the group plans to use the loan, which they obtained, for a different purpose. For instance, Mrs. Kim Hong H. is requesting a loan to buy grocery products to increase her inventory. Her husband, Mr. Suon Sarorn, is a construction worker who earns a small income, bareL. enough to support the famiL.. Aside from this business, he is a cow breeder. Mrs. Kim Hong H. is 46 years old and the mother of five children, one is employed at a garment factory, while the remaining four are construction workers.
One member in this village bank loan is an end-of-term loan, and the other members have monthL. payment loans. This client is 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 them to repay portions of the principal whenever they are financialL. 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 onL. 0.09% and AMK has a default rate of 0% with 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
  • 265
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 4,077.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kim Hong Heng Village Bank Group's $2,775 loan helped a member to buy grocery products to increase her store inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2008
Listed
Jan 8, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010