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Laing's Group
In this Group: Laing, Loa, Sina, Roung, Lee, Chaev, Run, Reoun, Sam
Mrs. Laing S. is 63 years old and is the leader of a group loan. She was selected by nine members who are located in Preak Ta Hang village in Kandal province. Each member of this group loan will uS. the loan for a different purpoS.. Mrs. Laing S. and her husband, Mr. Oeng Seab, are farmers who own a plot of land to cultivate corn. Mrs. Laing S. decided to ask for a loan to buy corn seed to support her farming crop. This couple has a child who is at home and helps on the farm.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,238.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Laing's Group's $1,425 loan helped a member to buy corn seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011