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Mrs. Srey Me Village Bank Group
In this Group: Srey, Seng, Sinan, Leanghak, Seng, Soeum, Somanea, Chamroeun, Nhor, Phea
Mrs. Srey M. is the village bank president of a group loan consisting of ten people who live in Peam Reang Leu village in Kandal province. She was selected by all the members who will use the loan for different purposes. She and her husband, Mr. Morn Bork, are farmers who own 3.5-hectares of land to grow crops to sell to support their family. Their problem is that their corn field is ready to be planted but they do not have enough money to get it done. So to improve production, Mrs. Srey M. is applying for a loan to hire farm laborers. Mrs. Srey M. is the mother of five children, three of whom are seamstresses in a garment factory, while the others attend the 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
  • 260
    View loans »
    Cambodia Loans Fundraising
  • $37,497,250
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srey Me Village Bank Group's $1,000 loan helped a member to hire farm laborers to grow corn.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011