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Mr. Mer Nget Village Bank Group
In this Group: Mer, Ry, Chan Thoeun, Phat, Suy, Soul, Chhin, Thuok, Tho, Vanny, Sarom, Channy, Camreun
This village bank loan consists of 13 people who all live in Kruos village in Takeo province. Mr. Mer N. is the village bank president who has been selected by the members. He is a farmer who owns a one-hectare field of land to cultivate rice. His wife, Mrs. Kong Thol, is a weaver. Since her breeding pigs business is going well, she needs some money to buy more raw materials for weaving. In order to solve this problem, Mr. Mer N. decided to ask for a loan for this purpose. He is 61 years old and the father of a child who is employed in a garment factory.

Additional Information

About AMK

Angkor 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.

About Cambodia

  • $2,600
    Average annual income
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Mer Nget Village Bank Group's $2,000 loan helped a member to buy more raw materials for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010