Mr. Pon Sam Village Bank Group
Mr. Pon S. and his wife, Mrs. Chek Cheng, are farmers who own a small piece of land where they cultivate rice. On this farm, they face a problem because their field has infertile soil. In order to deal with this problem, Mr. Pon S. decided to ask for a loan to buy fertilizers to support the field to make his crop more productive. He would use the rest of the loan to buy pesticides to kill all kinds of insects. Mr. Pon S. is the father of two children who are both farmers.
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