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Mrs. Sok Ny Tum Village Bank Group
In this Group: Sok Ny, Mak, Len, Thinh, Nhib, Srey, Lout, Leab, Than, Siek

This village bank, which consists of ten members, is located in Prey Khmer village in the Kampong Chhnang province. The loan which they obtain will be used for different purposes. Mrs. Sok Ny T. is the village bank president who has been selected by the members. She sells clothing in the local market. Since her business is doing well, she wants to expand it by purchasing more clothes to resell and earn more profits. Her husband, Mr. U. Kea, is a jeweler. Mrs. Sok Ny T. is 35 years old and the mother of three children who are all attending the local school.



Six members in this group have 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. 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sok Ny Tum Village Bank Group's $1,400 loan helped a member to purchase more clothes to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010