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Mrs. Ngaeth Kol Village Bank Group
In this Group: Ngaeth, Pich, Chenda, Phy, Ren, Pov, Phouy, Sokhim, Naem, Sareth
This group loan from Tep Archun village in Kandal province consists of 10 members, who will use the loan for different purposes. Mrs. Ngaeth K. was selected by the other members as the village bank president. She is a mother of five children; one is a chef, while the others are attending a local public school. Her husband is also a chef, while she is a farmer who owns more than 2 hectares of land on which she grows crops that she sells to support her family. She has some problems with her crop field because the soil is infertile and it is far from an irrigation system. Thus, she has decided to apply for a loan to buy fertilizer, gasoline, and vegetable seeds.

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
  • 264
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 4,219.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ngaeth Kol Village Bank Group's $1,450 loan helped a member to buy fertilizer, gasoline, and vegetable seeds.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011