Funded

Total loan: $4,275
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Mrs. Socheat Uch Group

Cambodia
Cambodia / Fruits & Vegetables

A loan of $4,275 helped a member to buy different kinds of vegetable to resell in the local market.


Mrs. Socheat Uch Group's story

The village bank, which consists of 30 people who will use the loan for a variety of purposes, is located in Ta Reap Doun Sor village in Kandal Province. Mrs. Socheat U., the village bank president, is a vegetable seller in the local market. Since this business is going well, she wants to expand it and so is requesting a loan to buy different kinds of vegetable to resell in the local market. Her husband, Mr. Pov Borin, is a motorbike taxi driver who can make a small income to support the whole family. Mrs. Socheat U. is 29 years old and the mother of two children, four and five years of age.

Four members in this village bank loans have end-of-term loan and the rest have monthly payment loans. The former 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, allowing thE. 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 a default rate of 0% on Kiva.

In this group: Socheat, Savoeurn, Sitha, Vath, Phall, Seam, Say, Sody, Heng, Sophea, Hong, Sareth, Mach, Ren*, Ri, Savoen, Sopheap, Moen, Naren, Savoen, Sareth, Channy, Sam Ourn, Phalla, Kheang*, Vanny, Seang, Sarouern, Samorn, Srouy
*not pictured



Loan details

Loan length:

14 months
Disbursed date: July 6, 2009
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 6, 2009
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)