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Lakk's Group
In this Group: Lakk, Mom, Chanthyda, Bopha, Sreyleak
This group loan consists of five people who live in Deum Kor village in Kandal Province, led by Mrs. Lakk M., who sells pillows door to door to support her family. Since her business is going well she wants to expand it and so is seeking a loan to buy cotton and cloth to make more pillows to sell. Her husband, Mr. Sinat Sen, is a soldier who receives a modest salary. They have three children who are attending local public school.

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
  • 247
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lakk's Group's $975 loan helped a member to buy cotton and cloth to make pillows to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011