Check out some available loans that are similar to this one!
Hun's Group
In this Group: Hun, Leav, Tas, Thea, Ben, Samban
Mrs. Hun A. is a group leader of six members who all live in Sre Sa village in Kampong Chhnang province. She is a farmer who owns a plot of land to cultivate rice. In this plantation, she faces an obstacle because her field is far from the irrigation system. Thus, Mrs. Hun A. decided to ask for a loan to add to her savings to buy a pump in order to water the rice field. She hopes to increase income and improve living conditions with this loan. Her husband, Mr. Keo Oeun, sells firewood. Mrs. Hun A. is 47 years old and the mother of three children who are attending the local school.

This is a group loan where four members have end-of-term loans. They 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 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.

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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,071,300
    Funds lent in using Kiva
  • 4,148.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hun's Group's $725 loan helped a member to add to her savings to buy a pump in order to water the rice field.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 18, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2009