Sok Lay's Group
Mrs. Sok Lay H. is the group leader who has been selected by the members. She is fruit seller in front of a garment factory and her husband, Mr. Sokun Cha, is a construction laborer. She is the mother of four children, two of whom are laborers in the garment factory while the other two are attending the local school.
Although members of the family each have business activities, they are still in a poor condition economically. Thus, Mrs. Sok Lay H. would like to apply for a loan to buy more fruit for her 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.
44View loans »
Success!! The loan was 100% repaid