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Loun's Group
In this Group: Loun, Pul, Mom, Tha, Choeurn, Youn, Rin, Pech, Kunthea, Yien, Lang
Mr. Loun L. is 35 years old and the president of an eleven-member loan group located in Toul Krosang village in Kandal province. Each member will use the loan for a different purpose. Mr. Loun L. is a famer who owns a piece of land to cultivate rice to support his family. He is asking for a loan to buy fertilizer and pesticide for his crop. His wife, Mrs. Pov Sok, is a farm laborer who receives a small salary to contribute to the family income. The couple has three children who all 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
  • $36,207,750
    Funds lent in using Kiva
  • 4,214.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Loun's Group's $1,350 loan helped a member to purchase fertilizer and pesticide.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 2, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011