Mr. Ny Say Village Bank Group
Mr. Ny S. is a farmer who owns a piece of land on which he grows rice. In this farming activity he now faces a small problem because he does not have enough money to fix the water pump to irrigate the rice field. Thus, he decided to ask for a loan to buy one and he will use the rest of the loan to buy more hose to water his field.
Mr. Ny S. is 47 years old and the father of four children, three of whom are attending the local school while the youngest one is too young to work or study because this child is only five years old. Mr. Ny S.’s wife, Mrs. DU. Yong, is employed in a garment factory.
Mrs. Kemla ChU., Mrs. Samoen M., and Mrs. Seryrin M. did not come to take their loans but their husbands did, so they are shown in the photo.
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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