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Mrs. Malen Phoung Village Bank Group
In this Group: Malen, Pao, Sophorn, Savy, Sokunthea, Oun, Phat, Savoen, Bunthoen, Sambour, Srey Von, Mat, Sonao, Rom, Sarom, Oeng, Saran, Savy, Sarorn, Chreb, Sok Na, Sein, Ann, Man
The village bank loan, which consists of twenty-four members, is located in Preak Traeng village in Kandal Province. Mrs. Malen P. is a village bank president who has been selected by the members. She and her husband, Mr. Song Sun, are vegetable farmers who own a hectar to cultivate rice to earn a living. In this farming, they face a problem because they do not have enough vegetable seeds to grow, so Mrs. Malen P. decided to ask for a loan to buy more vegetable seeds for cultivation. She hopes to increase her revenue and support the family well. Mrs. Malen P. is 29 years old and the mother of two children, who are at home because they are too young to work or study.

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% 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
  • 229
    View loans »
    Cambodia Loans Fundraising
  • $39,843,075
    Funds lent in using Kiva
  • 4,134.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Malen Phoung Village Bank Group's $2,800 loan helped a member to ask for a loan to buy more vegetable seeds for cultivation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 16, 2009
Feb 1, 2009
Currency Exchange Loss:
Feb 15, 2010