Mrs. La Hen Village Bank Group
Mrs. La H. is 55 years old. She and her husband, Mr. Khorn Kai, are farmers who own a two-point five-hectare plot of land, where they grow crop for sale to support their family. They are facing trouble because they have no money to buy seeds to grow crops, and their field is also made up of infertile soil. In order to improve production, Mrs. La H. is seeking a loan to buy seeds, fertilizers, and rent a plow machine to plow her field. She has four children: one is a laborer, one is a seamstress in a garment factory, one helps her in farming, and one attends the local public school.
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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