Check out some available loans that are similar to this one!
Mr. Seang Veng Group
In this Group: Seang, Kong, Thy, Heng
A group loan which consists of four people is made up the village bank loan and Mr. Seang V. is a group leader who has been selected by the members. They all live in Boueng Kroam village in Kandal province. Mr. Seang V. is a farmer who owns 1.5-hectars to cultivate rice to earn for living. In this farming, he now faces a small problem because his field has a lot of insects which they can damage his crop so he decided to ask for a loan to buy more pesticides to kill the insects. He will use the rest of the loan to buy fuel for his water machine to pump his crop. His wife, Mrs. Nao Heang, helps him on the farming. Mr. Seang V. is a father of seven children four of whom are farmers while the others are attending 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
  • 320
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,172.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Seang Veng Group's $675 loan helped a member to ask for a loan to buy more pesticides to kill the insects infesting his field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011