Mrs. Makk Yann Village Bank Group
Twenty-six people from the village of Kork Romiet in the Kandal province have requested a village bank loA.. Mrs. Makk Y. was selected by all of the members to be the village bank president. All of the members will use the loA. for different purposes. Mrs. Makk Y. is a farmer who owns a plot of land where she grows rice and other crops to support her family. She is a widow who lives with six members in her household. She has some problems with her crop field because it is on time to grow, but she does not have enough money to support it. Thus, Mrs. Makk Y. decided to ask for a loA. to buy morning glory seed, fuel, and fertilizer in order to improve her farming. All of the members are shown in the picture, but some of tH. are blocked.
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