Mr. Sros Chhun Village Bank Group
In the rice field they have a problem because their field is far from an irrigation system, but they do not have enough money. Thus, Mr. Sros C. decided T. ask for a loan T. buy a hose, and he wants T. use the rest of the loan T. buy two bicycles for his education and transportation T. work for the children. He is a father of six children, two of whom are seamstresses in a garment factory, while the other three are enrolled in the local public school, and the other is too young T. work or study.
On the day of the loan disbursement Mr. Sros C. was busy working. Instead, his wife, Mrs. Seynat V., received the loan for him. The phoT. above is of Mr. Sros C.'s wife.
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