Mr. Leay Soun Village Bank Group
Mr. Leay S. is a farmer who owns a small piece of land where he cultivates rice. He is also vice village chief, and makes a small salary to support his family. His wife, Mrs. Vong Mao, helps him with the farming. Though they work hard, they would like to earn more income to improve their family's living conditions. Mr. Leay S. is planning to use his portion of the loan to buy a cow for breeding, and he hopes to increase his income after he selling the cow.
Mr. Leay S. is a father of two children: One is a teacher and the other is a laborer. All of the members of this group are shown in the picture.
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