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Loung's Group
In this Group: Loung, Som, Seang Leng, Sothea, Sinan, Kry, Chinda, Dorn, Nann, Sokim, Lean, Aouta, Saroen, Sony, Sophall, Sina, Sophath
Mrs. Loung N. is 57 years old. She is a village bank president of a group that consists of 17 people, all located in Chong Kaoh village, Kandal Province. She and her husband, Mr. N. Roeung are farmers who own a 2-hectare field to cultivate rice. They now face some problems because the field is infertile and they do not have enough water to water the plants. Thus, Mrs. Loung N. decided to ask for a loan to buy fertilizer and gasoline. Mrs. Loung N. is a mother of three children. One of her children is a farmer and the other two are laborers for a private company.

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
  • 170
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Loung's Group's $1,850 loan helped a member to buy fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2009
Listed
Jan 20, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010