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Kanikan's Group
In this Group: Kanikan, Narin, Kong, Sophat, Mon, Tang, Eng, Sam Art, Chenda, Aem, Nao, Sok Yoen, Yan, Souphea, Leam, Sethy, Koun, Sok Eng, Sophea, Sreylin, Sreytoch, Khiev, Pov, Sokann
Mrs. Kanikan C. is 38 years old and she is the village bank president for a group of 24 people in Prey Prasat Village, Kandal Province. All of the group members will use the loan for different purposes. Mrs. Kanikan C. earns her living as a grocer. Since her business is making less income, she wants to expand it, and so she is applying for a loan to buy more groceries to re-sell. Her husband, Mr. Sandarp P., is a farmer who owns a plot of land to cultivate rice. Mrs. Kanikan C. is the mother of five children. One of them is employed in the garment factory, another is too young to stuD. or work, and the others are students in the local school.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,860,325
    Funds lent in using Kiva
  • 4,157.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kanikan's Group's $4,050 loan helped a member to buy more groceries to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2010
Listed
Jan 22, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011