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Mrs. Oem Sarad's Village Bank Group
In this Group: Oem, Roth, Soeur, Soeur, Nhem, Ly, Hoem, Khoem, Sou
This group of nine people is located in Trapang Rang Village in Kampong Chhnang Province and the members will use the loan for various purposes. Mrs. Oem S. was selected as the group leader; she is currently in the business of selling clothes. In her business, she sells all kinds of clothes, especially those for the young generation. Since this business is going well, she wants to expand it and has decided to ask for a loan to purchase more fashion clothes to re-sell. Her husband, Mr. Hoeng Sok, helps her in the business. Mrs. Oem S. is 46 years old and the mother of seven children, one of whom is employed in a garment factory while another one is a construction worker. The remaining five children attend the local school.

This is a village bank loan consisting of mainly end-of-term loans. Seven members have end-of-term loans and the rest have monthly payment loans. They 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. 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 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
  • 208
    View loans »
    Cambodia Loans Fundraising
  • $39,853,650
    Funds lent in using Kiva
  • 4,144.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Oem Sarad's Village Bank Group's $900 loan helped a member to purchase more fashion clothes to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 29, 2008
Oct 14, 2008
Currency Exchange Loss:
Oct 15, 2009