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Mrs. Leang Chhum Village Bank Group
In this Group: Leang, Neang, Soeung, Sokharn, Samoeurn, Thy, Sreiheourn, Pin, Sinan, Srey, Samorn, Sophy, Im, Srey, Houy, Rotha, Theary, Vanna, Sabda, Savorn, Leam, Sok
The village bank, which consists of twenty-two members, is located in Preak Ta Kaev village in the province of Kandal. The members plan to use the loan for different purposes. Mrs. Leang C., who has been selected by the members as the village bank president, is a fish seller in the local market. Her husband, Mr. Kheng Huot, is a fisherman. Since his business is going well, he wants to expand it. Thus, Mrs. Leang C. decided to ask for a loan to buy a boat for her husband’s fishing. This couple has three children; two are employed in a garment factoR., while the other is a fisherman who helps with his father’s work.

Twenty one members in this group have end-of-term loans, and the rest have monthly payment loans. Those with end-of-term loans are not required to pay any principal on the loan until the veR. 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 thE. to repay portions of the principal whenever they are financially able to do so. 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.

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
  • 143
    View loans »
    Cambodia Loans Fundraising
  • $41,468,375
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Leang Chhum Village Bank Group's $2,400 loan helped a member to buy a boat for her husband’s fishing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 10, 2009
Jul 29, 2009
Currency Exchange Loss:
Aug 15, 2010