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Samnang's Group
In this Group: Samnang, Mett, Sakhem, Pov, Neang, Sokun, Soy, La, Ry, Brosh, Srey Leak, Chheoun, Art, Long, Loek
Mr. Samnang O. is 39 years old and the president of a fifteen-member loan group located in Toul Krosang village in Kandal province. Each member will use the loan for a different purpose. Mr. Samnang O. is a fish seller which brings in a small income to support his family. Since his business is going well he wants to expand it, and so is asking for a loan to buy more fish to sell. His wife, Mrs. Kai Nov, sells groceries in her general store. The couple has eight children; two are laborers, five attend the local school (and also support their parent's business) while the youngest one is four years old.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,214.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samnang's Group's $2,475 loan helped a member to buy more fish to sell.
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