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Mrs. Channa Phen Village Bank Group
In this Group: Channa, Tai, Yon, Srey, Srey Roath, Srey Aun, Rorn, Sothea, Say, Srei Mao, Mao, Thy, Sorn, Aem
Fourteen people living in Serei Duoch village in Takeo province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Channa P. is the 40-year-old village bank president. She owns a small business selling juice. Her husband, Mr. Mang Polo, is a farmer who owns a plot of land where he cultivates rice. In this plantation, he needs the money to buy fertilizer and gasoline to pump water to support the field. Thus, Mrs. Channa P. decided to ask for a loan for this purpose. She has four children, two of whom are employed in a garment factory while another is attending the local school and the youngest one is too young to work or study. (Mrs. Sorn MA. did not come to take the loan but her husband did, so he is in the picture instead her.)

All the members in this group loan have end-of-term loans so they are not required to pay any principal on the loan until the very end of the loan's 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 206
    View loans »
    Cambodia Loans Fundraising
  • $39,926,300
    Funds lent in using Kiva
  • 4,140.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Channa Phen Village Bank Group's $2,150 loan helped a member to buy fertilizer and gasoline to pump water.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jul 28, 2009
Sep 1, 2009
Currency Exchange Loss:
Aug 15, 2010