Mrs. Na S. is 58 years old and lives in Krasang village in Takeo province. She was selected by the thirteen members of her loan group to be the village bank president. The group members will each use their loans for different purposes.
Mrs. Na S. and her husband, Mr. Yory L., are farmers. They have two children. The eldest works as a laborer and the youngest is a student in the local school. To make a living, Mrs. Na S. and Mr. Yory L. own a plot of land and rent a piece of land which they use to cultivate rice. Mrs. Na S. decided to ask for a loan in order to hire farm laborers to help with her farming crop.
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.