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Mrs. Roem Koem Village Bank Group
In this Group: Roem, Soeng, Chanthon, Khoeun, Korn, Vanna, Sa Rorn, Sopheap, Saroeung, Phoeun, Khoy, Son, Thul, Sokhim, Phoch, Bunna, Sok, Ngoeun, Thuon
Nineteen people who live in Krang Dai village in Takeo province make up this village bank loan group. They are going to use their loan for different purposes that can improve their families' living conditions.

Mrs. Roem K. is the village bank president who has been selected by all the members. She is a farmer who owns a one-hectare plot of land to cultivate rice on to sell to support her family. Her problem is that her rice field has infertile soil and she does not have enough rice seed to grow. So to improve rice production, Mrs. Roem K. is seeking a loan to buy fertilizer and rice seed. She is a widow with a child who is a rice mill laborer.

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
  • 128
    View loans »
    Cambodia Loans Fundraising
  • $36,596,800
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Roem Koem Village Bank Group's $3,050 loan helped a member to buy fertilizer and rice seed.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011