Mr. Sokheng Hang Village Bank Group
Mr. Sokheng H. is the village bank president. He is a farmer who owns 2-hectare (5-acre) field on which he cultivates rice.
His wife, Mrs. Nhoek Sokhun, is a grocer. In this business, she can earn a little income to support the family. Now she wants to add to her business by purchasing fertilizers to resell to earn more income. Thus, Mr. Sokheng H. decided to ask for a loan for this purpose.
Mr. Sokheng H. is 55 years old and the father of three children, all of whom stay at home to do housework and help with their mother’s business.
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