Mrs. Sinat C. is a silk weaver. Since her business still provides less income than needed to support her family, she wants to expand it. So she decided to ask for 400,000 KHR from AMK to buy more silks to increase her income and improve her family’s standard of living.
Mrs. Sinat C. is the mother of two children, one of whom is employed in the garment factory and the other is too young to study or work. Her husband, Mr. Khen Khem, is a laborer in Thai who is able to earn a low salary to support the family.
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