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Mrs. Lorn Mach's Village Bank Group
In this Group: Lorn, Neng, Sokun, Kea, Pheap, Noeurn, Sok Kim, Met, Saly, Khunthea, Ly, Pao, Sokha, Phan, Noeun, Sok Rim, Nim, Im, Hem, Vun, Lim
Twenty-one people in Chamka village in the Kampong Chhnang province have formed a village bank loan with Mrs. Lorn M. as the village bank president. She and her husband, Mr. Doeun Phuon, are farmers who own a plot of land T. cultivate both rice and vegetables. Even though they work hard, they still gather little rice revenue which cannot support their family very well. In order T. improve their living conditions, Mrs. Lorn M. decided T. ask for a loan T. buy three piglets T. start a breeding business. She is 53-years-old and the mother of two children, both who are attending the local school.


Ten members in this group loan are committed T. end-of-term loans and the rest have monthly payment loans. They are not required T. 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 T. Cambodia’s poor. It allows them T. repay portions of the principal whenever they are financially able T. do so. Most clients start T. 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% with Kiva.


Mrs. Sokun O., one of the loan participants, is represented by her husband in the phoT..

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
  • 98
    View loans »
    Cambodia Loans Fundraising
  • $35,491,700
    Funds lent in using Kiva
  • 4,153.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Lorn Mach's Village Bank Group's $2,400 loan helped a member to buy three piglets to start a breeding business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2008
Listed
Jan 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010