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Mrs. Salorn Meak Village Bank Group
In this Group: Salorn, Krech, Sok Eng, Sokhorn, Sokhoeun, Sokha, Vanny, Chan, Mo, Nary, Chham, Pha, Navy, Ei, Phanny, Sokha, Touch
This village bank which consists of seventeen people is located in Kandal Kraom village in Kandal Province. Mrs. Salorn M. is the village bank president who has been selected by the members. She is a farmer who owns a 0.3-hectar plot of land on which she cultivates rice. Her husband, Mr. Morn Samoeurn, uses his motorbike as a carry cart in order to transport goods and passengers for an income. The business is not going well because his cart is too old. This makes his passengers feel uncomfortable. To deal with this problem, Mrs. Salorn M. decided to ask for a loan to fix her husband’s cart to enable him to re-start his business. Mrs. Salorn M. is 28 years old and the mother of two children. One child is enrolled in the local school, while the youngest one is five years old.
This is a village bank loan consisting of mainly end-of-term loans. Five 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% to 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
  • 210
    View loans »
    Cambodia Loans Fundraising
  • $39,911,475
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Salorn Meak Village Bank Group's $2,025 loan helped a member to fix her husband’s cart to re-start his business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 16, 2008
Nov 16, 2008
Currency Exchange Loss:
Oct 15, 2009