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Mrs. Mean Cheas Village Bank Group
In this Group: Mean, Sai, Reth, Oeb, Chhoeurn, Meth, Kim, San, Porn, Sokkha
The village bank which consists of ten members is located in the Phnom Touch Village in the Kampong Cham Province, and they plan to use the loan which they obtained for different purposes. Mrs. Mean C. is the village bank president who has been selected by the members. She and her husband, Mr. Yin Yeap, are farmers who own a plot of land to cultivate rice. They face a problem with their plantation because their field is infertile. In order to deal with this problem, Mrs. Mean C. decided to request a loan to buy fertilizer to support the field to make her crops more productive. She is 43 years old and the mother of seven children, four of whom are enrolled in the local school while the others are too young to work or study.

Nine members in this group have end-of-term loans and the other, a monthly payment loan. 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 they are the most beneficial to Cambodia’s poor. The system allows them to repay portions of the principal whenever they are financially able. 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 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
  • 260
    View loans »
    Cambodia Loans Fundraising
  • $37,493,750
    Funds lent in using Kiva
  • 4,146.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mean Cheas Village Bank Group's $800 loan helped a member to buy fertilizer to make the crops more productive.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2009
Listed
Feb 5, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010