Mrs. Srey Leak Ty Village Bank Group
Mrs. Srey Leak T. is the village bank president who has been selected by the members. She is a housewife. Her husband, Mr. Lay Bun Chhorn, is a farmer who owns a plot of land on which he cultivates rice. Aside from this plantation, he is employed operating a rice mill (a machine used to remove the chaff and outer husks from rice grains).
Now Mrs. Srey Leak T. wants to become a dessert seller to earn income for her family. Thus, she decided to ask for a loan to buy some plates, glasses, tables, chairs, and some ingredients to make dessert to sell. She hopes to increase her income and improve her family’s standard of living with this loan.
Mrs. Srey Leak T. is 31 years old and the mother of five children, three of whom are enrolled in the local school and the others are too young to work or study.
Mrs. Visal T. did not come to take her loan but her husband did, so he is shown in the photo instead.
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