Mrs. Kosal Penh Village Bank Group
Her husband, Mr. Khut Louch, is a fisherman who is saving the money to support his family. Although he tries to work hard he still earns less income to support his family living because he has few fishnets and others tools for his fishing. Thus, Mrs. Kosal P. decided to ask for a loan to buy more fishnets and others tools for her husband’s fishing.
She is 40 years old and the mother of four children, three of whom are employed in a garment factory while the other is attending the local school. Mrs. Reth C. does not come to take a loan but her husband does, so he is presented in the picture instead her.
About AMKAngkor 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.
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Success!! The loan was 100% repaid