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Mrs. Oin Ly Village Bank Group
In this Group: Oin, Sok, Man, Chuong, Mao, Yath, Chhin, Pok, Nun, Ny, Met, Morn, Duch, Kheoun, Chek, Ath, Chhuon, Eng, Unn
Nineteen people, all of whom live in Cheung Voat Village in Kampong Cham Province, have formed a village bank. Mrs. Oin L. is the village bank president. She is a farmer who cultivates her crops twice a year. In the rainy season, Mrs. Oin L. grows rice, and in the dR. season she grows vegetables. PresentL., however, she faces a small problem in her field, as she needs fertilizer, which is quite expensive. To deal with this problem, Mrs. Oin L. is asking for a loan to buy fertilizers in order to make her fields more productive. Her husband, Mr. Kol Min, helps his wife in their rice plantation. They have two children, both of whom are construction workers who contribute to their famiL.'s small income.

This is a village bank loan consisting of mainL. end-of-term loans. Twelve members have end-of-term loans and the rest have monthL. payment loans. End-of-term (EoT) loans are AMK's main product because they are the most beneficial to Cambodia's poor. This type of loan allows them to repay portions of the principal whenever they are financialL. able to do so. These members are not required to pay any principal on the loan until the veR. end of the loan term, but 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 onL. 0.09%, and AMK has a default rate of 0% on Kiva loans.

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
  • 75
    View loans »
    Cambodia Loans Fundraising
  • $41,847,450
    Funds lent in using Kiva
  • 4,159.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Oin Ly Village Bank Group's $1,975 loan helped a member to buy fertilizers in order to make fields more productive.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 16, 2008
Oct 1, 2008
Currency Exchange Loss:
Nov 15, 2009