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Mr. Tom Nguon Village Bank Group
In this Group: Tom, Thul, Nen, Yim, Tong, Long, Sok Chea, Sovann, Chan Then, Lon, Neary, Ly, Sokhom, Chan Thou, Malai, Kim Suor*, Salon, Malon, Sarim, Sam Art
* not pictured
The village bank loan group consists of twenty people who live in the village of Nor Neam Toteung village in Kampong Chhnang province. Each of the members will use the loan for different purposes. Mr. Tom N. is the village bank loan group president selected by the members. He is a bed maker, which he makes from timbers. In his work, he faces an obstacle because he does not have enough money to buy the timbers to make beds. Thus, he decided to request for a loan to buy timbers to make beds to sell. He hopes to increase income and improve living conditions with this loan. His wife, Mrs. Kong Ren, is a basket maker.

All the members in this group loan are end-of-term loans so they are not required to pay any principal on the loan until the very end of the loans 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 212
    View loans »
    Cambodia Loans Fundraising
  • $37,053,750
    Funds lent in using Kiva
  • 4,142.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Tom Nguon Village Bank Group's $2,750 loan helped a member to buy timbers to make beds to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 18, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011