Angkea Sel Tuy Group
Mrs. Angkea Sel T. is 48 years old and the president of 16 member village bank. The members all live in Ta Suy village, Takeo province, and they will each use their portion of the loan for a different purpose.
Mrs. Angkea Sel T. is a seamstress and her husband, Mr. Samean Sok, supports her business. The couple has two children, one of whom is working in a casino club while the other is supporting the family business. Mrs. Angkea Sel T. requested KHR 800,000 (her portion of the group loan) from AMK to buy more fabric and to continue to enlarge her business.
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