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Mrs. Chan Khat Village Bank Group
In this Group: Chan, Srey Lao, Sav, Sa Eam, Thol, Arth, Sarem, Theary, Chantho, Chanthorn, Soklorn, Saro, Savoen, Sokvy, Khem, Meu, Pao, Mary, Sokhom, Bopha, Ol, Ratana, Channy, Thy
TwenT.-fO. people living in Preak Ta Thok village in Kandal province comprise this village bank loan, and they will use the loan for various purposes.


Mrs. Chan K. is a 47-year-old village bank president. She is a pig breeder. Her husband, Mr. Ur Thy, is a farmer who owns a 1-hectare (2.5 acre) field of land on which to cultivate rice. Aside from those careers, they use the rice to make wine to sell. In this business, they face an obstacle because they do not have enough money to buy rice to make wine in order to do well. Thus, Mrs. Chan K. decided to ask for a loan to buy more rice to make wine for her business. She has two children, one of whom stays at home to do housework and the other is attending the local school.


Mr. Soklorn M. did not come to get his loan but his wife did, so she is presented in the picture instead.


While most of the members in this group loan have monthly-payment loans, nine members have end-of-term 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 Cambodia

  • $2,600
    Average annual income
  • 208
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,098.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chan Khat Village Bank Group's $2,425 loan helped a member to buy more rice to make wine for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010