Mrs. Sokhen Menh Village Bank Group
Mrs. Sokhen M. is a farmer who owns a plot of land on which she cultivates rice. Her husband, Mr. Samaiy Oun, is a teacher in the local village. Even though they try to work hard in their businesses, they still cannot support their family members.
Thus, Mrs. Sokhen M. wants to start a new business to improve their living conditions. She has decided to ask for a loan to buy pigs to breed. She will use the rest of the loan to buy equipment and supplies to construct a pigpen.
Mrs. Sokhen M. is the mother of four children. One of her children is an employee in a garment factory, one does housework, and the other two are students in the local school. All of the members of the village bank are shown in the photo, but some of thE. are blocked.
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