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Mrs. Phin Dim Village Bank Group
In this Group: Phin, Art, Lun, Kea, Leab, Chhaem, Yorn, Sokhaem, Soklim, Lay, Sang, Hing, Phorn, Bora, Sam Ol, Lot
This village bank has sixteen members and is located in Prachum Angk Village, Kandal Province. The members will use their loan for various purposes.



Mrs. Phin D. is the village bank president, as selected by the members. She is 36 years old and the mother of five children; three of whom are employed in a garment factory while the other two attend a local school. She owns a small piece of land to cultivate rice. She cultivates in the dry season, but faces a problem because her field has infertile soil, which affects crop production. She is requesting a loan to buy fertilizers for the field and fuel for her water pump so she can make her crop more productive. Her husband, Mr. Sim Thea, is a construction worker who also works to support the family.



Note: Mrs. Sok Chanry, who is a group guarantor, is also presented in the picture with the village bank members.



This is a village bank loan consisting of mainly end-of-term (EoT) loans. Nine members have EoT 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. EoT loans are AMK’s main product because they are 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 Cambodia

  • $2,600
    Average annual income
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,558,025
    Funds lent in using Kiva
  • 4,108.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phin Dim Village Bank Group's $1,975 loan helped a member purchase fertilizers and fuel to make rice field more productive.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010