Funded

Total loan: $2,425
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Mrs. Serei Chheng Village Bank Group

Cambodia
Cambodia / Services

A loan of $2,425 helped a member to repair a threshing machine.


Mrs. Serei Chheng Village Bank Group's story

Twenty people who all live in Damnak Sangkae Village in Kandal Province are in this village bank and they will use this loan for different purposes.

Mrs. Serei C. is the village bank president. She is a farmer who owns two hectares to cultivate rice. Her husband, Mr. Roeung Samnang, owns a threshing machine which brings in income. Unfortunately, his threshing machine now needs to be repaired so his wife, Mrs. Serei C., decided to ask for a loan to fix it and re-start the business. Mrs. Serei C. is 46 years old and the mother of five children two of whom are dump truck drivers while the remaining three are attending the local school.

This is a village bank loan consisting of some end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. Those receiving end-of-term loans 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 thE. 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.

In this group: Serei, Khem, Yan, Vannet, Kemsan, Sok Eng, Sokhon, Chamreon, Thy, Phally, Theeda, Thoen, Phirun, Sothea, Sochenda, Sophal, Ravy, Sam Arth, Sa Eam, Somaly
*not pictured



Loan details

Loan length:

13 months
Disbursed date: December 4, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: December 4, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)