Kiva-crl

Mrs. Seum Sorn's Village Bank Group Agriculture, Cambodia

• The group is formed by twenty people. • Mrs. Seum Sorn is a village bank president that has a plantation where she cultivates rice. • She does not have enough money to buy more rice to plant so she has decided to ask for a loan to purchase rice seed.

• Business Plan: Location:Toul Vihea Village, Cambodia Primary Activity:Agriculture Loan Requested:$2,250.00 Repayment Term:12 months ( $187,50/month) Loan Use:To purchase rice seed to cultivate on her plantation.

• About Group Loans : In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults

• Ten 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. 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.

• Why Mrs. Seum Sorn's Village Bank Group ? • Because Cambodja it is a very poor cowntry. • Agriculture it is a essencial activity in poor cowntryes • agree with the Chinese proverb " Not give them the fish, but give them how to fish ". • have five stars of risk rating • Field Partner

• Field partner: AMK • AMK is a leading microfinance institution in Cambodia with over 120,000 clients and operating in over 2,700 villages. • The focus of AMK is on very poor clients in rural areas which is demonstrated in the average loan size is just $85. This year with expansion AMK will be the first MFI to cover all provinces of the country.

• AMK has received numerous prestigious awards in its 4.5 year history, including the CGAP Global Financial Transparency Award for two years running (2005 and 2006), and the MIX GLOBAL 100 (Washington-based)composite Ranking of AMK as the Highest Microfinance Institute in Cambodia (and 18th in the World) for 2006, based on outreach, efficiency and transparency.

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Time on KIVA: 8 months Kiva Entrepreuneurs: 5591 Total Loans: $ 1,001,450 Website address www.amkcambodia.com

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Name of MFIAngkor Mikroheranhvatho KampucheaRegion East Asia and the PacificEstablished in (year)1999Current legal statusNon-Bank Financial InstitutionRegulatedYesInstitution's MissionAMK’s mission is to help large numbers of poor in Cambodia to improve their livelihood options through the sustainable delivery of appropriate and viable microfinance services.Background and Main ChallengesAMK originated from Concern Worldwide in Cambodia. AMK became an independent company in 2003 and licensed in 2004. AMK is dedicated to the provision of financial services to the Cambodian Poor, particularly in remote rural underserved areas. AMK’s priorities as a provider of rural finance are centered in its operational and financial sustainability, while maintaining its social objectives.Products-

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Loans Voluntary Savings Percentage of operations comprised by microfinance91-100%Other services provided-Main Funding Sources Loans Shareholder capital Largest funderConcern Worldwide (Other lenders include: Dexia Microcredit Fund/Blue Orchard, Oikocredit, MAF)

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• Country Fast Facts : • • • • • • • • •

Country: Cambodia Capital: Phnom Penh Official Language: Khmer (official) 95%, French, English Population: 13,363,421 GDP per capita (PPP): $2,600 Labor Force: agriculture 75% Population Below Poverty Line: 36% Infant Mortality Rate (per 1000): 73.67 deaths Life Expectancy: 58.41 years

• Findings about other lenders: • The main cowntry of other lenders are USA, follow of Canada. • Are people of middle age. • Almost half are man

• Experience of communicating with other lenders: • Name of lender: Alexandra • Cowntry: England ( London) • Occupation: Digital Marketing • Alexandra's Loans : 8 loans

Alexandra’s profile:

• She wants to loan to someone in every part of the world. • She likes lending to people who work in agriculture. • She likes lending to women because I think they are more likely to work hard to pay their loans back