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Mrs. Chea Hob's Village Loan Group
In this Group: Chea, Touch, Sim, Nou, Touch, Leng, Tieng, Sam, Kheiv, Non, Chim, Choem, Nem, Nget, Burk, Sorn
This Village Bank [solidarity group] consists of 16 people located in Sre S. Village in Kampong Chhnang Province. They plan to use the loan for different purposes. Mrs. Chea H. is the village bank president, and is a farmer who owns a plot of land where she cultivates rice to earn a living. Her husband, Mr. Kem Phang, is a cow breeder and firewood seller. As the second business is going well, he wants to expand it; so his wife decided to ask for a loan to buy more firewood to re-sell the customers. Mrs. Chea H. hopes to increase their income and improve their living conditions. She is 36 years old and the mother of three children. Two of them are attending the local school, while the youngest one is too young to work or study.

Mrs. Leng N. and Mrs. Sam S. did not come to receive their loans, but their husbands did and so are presented in the picture.

This is a village bank loan consisting mainly of end-of-term loans. Nine members have end-of-term loans, and the rest have monthly payment loans. Group members 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 it is the most beneficial to Cambodia's poor. It allows them 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 [Kiva’s Field Partner] has a delinquency rate of only 0.09% and 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
  • 59
    View loans »
    Cambodia Loans Fundraising
  • $41,788,200
    Funds lent in using Kiva
  • 4,156.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chea Hob's Village Loan Group's $1,750 loan helped a member to buy more firewood to re-sell to the customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 20, 2008
Oct 6, 2008
Currency Exchange Loss:
Oct 15, 2009