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Mrs. Sovanna Tien Village Bank Group
In this Group: Sovanna, Vann, Yon, Sam Ol, Aun, Thy, Touch, Chea, Mott, Ream, Kunthea
This village bank loan group consists of eleven people and is located in Trapeang Saom village in Takeo province. Mrs. Sovanna T. was selected by the members to be the village bank president. Mrs. Sovanna T. is 29 years old and the mother of two children. The eldest attends school and the youngest is only two. She is a rice middleman who buys rice to keep in stock and re-sell later at better price. Her business is going well, so she is requesting a loan to expand her business and increase her income. Her husband, Mr. Pon Reasmey, is a farmer who owns 2-hectars where he cultivates rice.

Two members in this village bank loan have end-of-term loans and the rest have monthly payment loans. The two clients 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. AMK has a delinquency rate of only 0.09% and AMK has 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
  • 163
    View loans »
    Cambodia Loans Fundraising
  • $35,792,525
    Funds lent in using Kiva
  • 4,146.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sovanna Tien Village Bank Group's $1,350 loan helped a member to puchase more rice and expand rice business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2009
Listed
Feb 4, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010