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Mrs. Saret Meng Village Bank Group
In this Group: Saret, Han, Nguon, Seanghai, Phea, Seoun, Met, Ngaet, Saret, Phally, Preung, Hom
This village bank loan has twelve people. Mrs. Saret M. is a village bank president located in Preaek Ta Mem village in Kandal province. All the members will use their portion of the loan for different purposes to improve their businesses.


Mrs. Saret M. is a fish seller in the local market where she can earn some money to support her family. Since her business is going well she wants expand. She is, therefore, asking for a loan to buy more fish to resell. Her husband, Mr. Korng M., is a farmer who owns a small piece of land where he cultivates crops to sell to support his family. She is the mother of one child who is five years old.

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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Saret Meng Village Bank Group's $1,725 loan helped a member to buy more fish to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011