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Mrs. Kao Meng Touch Village Bank Group
In this Group: Kao Meng, Nem, Nang, Oeurn, Khema, Narem, Sao Kun, Mlis, Mean, Ny, Mun, Rin
This village bank, of which Mrs. Kao Meng T. is the leader, consists of 13 people and is located in Chamrov village, Takeo province. Mrs. Kao Meng T. is a 24-year-old married woman and mother of a young child.



Mrs. Kao Meng T. and her husband, Mr. Oeun S., are silk weavers. Because her business has been doing quite well, she would like to expand the business. Thus, Mrs. Kao Meng T. decided to seek a loan to buy more silks to support the business. In addition to her silk-weaving operations, Mrs. Kao Meng T. is a farmer. Specifically, she owns a piece of land on which she cultivates rice.

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
  • 197
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kao Meng Touch Village Bank Group's $1,750 loan helped a member to expand her business by purchasing additional silks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2009
Listed
Jan 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011