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Mrs. Lon Mea Village Bank Group
In this Group: Lon, Samphos, Noeun, Sok Nim, Sarorn, Phal, Saraen, Saophea, Navy, Song, Chantha
Mrs. Lon M. is a village bank president in Prey Pnhi village in Takeo province. This village bank consists of 11 people. Mrs. Lon M. is a silk weaver and her husband, Mr. Ney N., is a construction laborer in the local village. He also catches a little fish to sell to support his family. In order to expand his fishing business, Mrs. Lon M. decided to ask for a loan to buy bamboo to make fishing tools to catch more fish to sell for more income.
Mrs. Lon M. is 31 years old and the mother of three children who are all too young to study or work.

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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $35,929,100
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Lon Mea Village Bank Group's $1,175 loan helped a member to buy bamboos to make fishing tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Jan 13, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011