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Song Leng's Group
In this Group: Song Leng, Sina, Yen, Sokhom
Mrs. Song Leng N. is 59 years old and is the leader of group loan, having been selected by the other four members. The group is located in Srae Pou village in Takeo province. Each member of this group loan will use their portion of the loan to support their different businesses. Mrs. Song Leng N. is a farmer who owns a 1.50-hectare plot of land to cultivate rice and vegetables for selling in order to earn a living for the family. Mrs. Song Leng N. decided to ask for a loan to buy fertilizer, pesticide, and cauliflower seed for the farm, and to hire farming laborers to plow her field. Mrs. Song Leng N. is a widow and has two children; one is a laborer while another is a student in the local 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
  • 120
    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 Song Leng's Group's $575 loan helped a member to buy fertilizer, pesticide, and cauliflower seed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011