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Mrs. Sambin Chhim Village Bank Group
In this Group: Sambin, Saret, Khit, Than, Ry, Chamroeun, Chanthy, Saroeurn, Navy, Sophorn, Puthea, Samun, Sreng
The village bank, consisting of thirteen members, is located in Smeth village in Kampong Chhnang province. The members plan to use the loans they have obtained for different purposes. Mrs. Sambin C. is the village bank president, selected by the members. She is a farmer wH. owns a piece of land on which she cultivates rice. She does not have enough money to buy rice seeds to grow, S. she is requesting a loan to purchase rice seeds to cultivate on the field to earn her living. Mrs. Sambin C. is a 58-year-old widow with a child wH. works as a jeweler.


Six members in this group loans 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 they are the most beneficial to Cambodia’s poor. Such loans allows borrowers to repay portions of the principal whenever they are financially able to. Most clients start to make their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 304
    View loans »
    Cambodia Loans Fundraising
  • $37,552,375
    Funds lent in using Kiva
  • 4,125.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sambin Chhim Village Bank Group's $1,475 loan helped a member to ask for a loan to purchase rice seed to cultivate on the field to earn for living.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010