Mrs. Chanthal Taen Village Bank Group
Mrs. Chanthal T. was born in 1963. She is a farmer who owns two-hectares of land to cultivate rice to sell to support the family. She also breeds pigs. Her challenge is that her field has infertile soil. In order to improve production, Mrs. Chanthal T. is requesting a loan to buy fertilizer. She will use the rest of the loan to buy rice seeds and pesticides. Her husband, Mr. Van Brak, is a teacher at the local school. This couple does not have children, so they live in a three person household.
Mrs. Ra Ten and Mrs. Run Ham are group guarantors so they are also present in the photo. All the members are shown in the picture save for one of them who is blocked.
About AMKAngkor 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.
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Success!! The loan was 100% repaid