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Mrs. Mom Marm Village Bank Group
In this Group: Mrs. Mom, Cheav, Kheng, Im, Saoli, Srey Pheak, Sambath, Pha, Loem, Channan, Sokh Nat, Chhay, Saroen, Sokh Heng, Phoung, Lim, Thary, Arth, Meakh, Sokly
This village bank, which consists of twenty members, is located in Preaek Doung village in Kandal province, and they plan to use the loan for different purposes. Mrs. Mom M. is the village bank president, and she was selected by the members. She is a fruit seller in the local market. Aside from this business, she owns a phone service for people. Her husband, Mr. Bey Sopheap, is a farmer who owns a small piece of land where he cultivates both rice and vegetables. However, he now faces an obstacle because his field is infertile and this has damaged his crop. In order to deal with this problem, Mrs. Mom M. decided to ask for a loan to buy fertilizer, and she will use the rest of money to purchase gasoline to use to water the field and make her crop more productive. She is 42 years old and the mother of three children who are attending the local school. Mrs. L. Loem was not present to take out a loan but her husband was, so he is presented in the picture.

One member in this group loan is end-of-term loan and the rest have monthly payment loans. Those who have end-of-term loans 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,208,750
    Funds lent in using Kiva
  • 4,105.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Marm Village Bank Group's $2,700 loan helped a member to buy fertilizer and gasoline.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010