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Sreng's Group
In this Group: Sreng, Phat, Somen, Sary, Sorn, Thy, Srey, Phean, Sina
Mr. Sreng T. is 63 years old. He was selected by the members to be the village bank president. The village bank is located in Kbal Seh Village in Kandal Province. The members of this village bank will use their portions of the loan to purchase equipment, supplies and other items to support their different businesses.

Mr. Sreng T. and his wife, Mrs. Seoun S., sell pork. They earn a small income to support their family. Mr. Sreng T. decided to ask for a loan to buy more pork to sell. With this loan, he hopes to increase income and improve the family's living conditions. In addition to their pork business, they are also farmers who own a 1-hectare (2.5-acre) plot of land on which they grow rice. This couple has an adult child who is a seamstress in a garment factory.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreng's Group's $1,525 loan helped a member to buy more pork.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011