Funded

Total loan: $2,375
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Mrs. Ratha Chuor Village Bank Loan Group

Cambodia
Cambodia / Fishing

A loan of $2,375 helped a member to buy fishnets for a fishing business.


Mrs. Ratha Chuor Village Bank Loan Group's story

The Mrs. Ratha C. Village Bank Loan group consists of 19 people who live in BoE. Krum Leu village in Kandal province. All of the people will use their loans for different purposes.

The members selected Mrs. Ratha C. for the village bank president. She has 4 children, one of whom is employed in a garment factory while the others attend the local school. Mrs. Ratha C. owns a hectar field to cultivate rice to earn her living. Her husband, Mr. Ngin Sinat, is a blacksmith in the local village.

Although Mrs. Ratha C. and her husband try to work hard, they still have little income to improve their living condition. Also, Mrs. Ratha C.'s husband wants to start a fishing business so she decided to ask for a loan to buy fishnets for her husband.

Fifteen members in this loan are end-of-term loans so they are not required to pay any principal on the loan until the end of the loan's term. End-of-term (EoT) loans are AMK's main product because they are most beneficial for Cambodia's poor, who can repay portions of the principal whenever they are financially able to. Most clients start to make their 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.

In this group: Ratha, Chhorn, Sopha, Savoeun, Savy, Tharn, Toe, Navy, Leang, Chha, Nang, Mom*, Sohour, Srey, Ren, Noeun, Sophea, Samol, Sophoen
*not pictured



Loan details

Loan length:

14 months
Disbursed date: July 27, 2009
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: July 27, 2009
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)