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Mrs. Pheun Khoem Village Bank Group
In this Group: Pheun, Soeurn, Phalla, Chan Dy, Sopha, Van, Sareth, Van
The village bank consists of eight members and is located in Trapang Kor village in Kampong Chhnang province. They plan to use the loan which they obtained for different purposes. Mrs. PheU. K. is the village bank president who has been selected by the members. She is a seller a mall restaurant that sells rice soup. Her husband, Mr. Noup Suth, is a musician who has been hired by the people to perform at wedding ceremonies, parties, and others events. Even though they try to work hard, they still earn too little income to build a new house for their family. Thus, Mrs. PheU. K. has decided to ask for a loan so that she can build a house for her family. She is a 54-year-old mother of three children, two of whom are employed in garment factory while the other helps the mother’s business.

Two members in this group loans are end-of-term loans and the rest have monthly payment 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. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Pheun Khoem Village Bank Group's $850 loan helped a member to build a house for her family.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009