Funded

Total loan: $1,075
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Mrs. Pov Choek Village Bank Group

Cambodia
Cambodia / Pigs

A loan of $1,075 helped a member purchase of piglets for breeding.


Mrs. Pov Choek Village Bank Group's story

The village bank loan group in the Andoung Russey Village in Kampong Chhnang Province consists of 8 people who all plan to use their loan share for different purposes. Mrs. Pov C., 29 years old, is widowed and has two children, both of whom attend a local school. She is the president of the loan group and earns income breeding pigs. Her business is going well, and she would like to expand it. Therefore, Mrs. Pov C. is asking for a loan to buy additional piglets for her business, thereby hopefully increasing her income. This is a village bank loan, mainly consisting of end-of-term (EoT) loans. Five members of the group have EoT loans, while 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. EoT loans are AMK’s main product, because it is the most beneficial to Cambodia’s poor, allowing 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, and almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and a default rate of 0% on Kiva.

In this group: Pov, Chea, Sopheang, Chuth, Sarim, Yit, Gna, Yan
*not pictured



Loan details

Loan length:

19 months
Disbursed date: October 10, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

19 months
Disbursed date: October 10, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)