Mrs. Vanndy Ael Village Bank Group
Mrs. Vanndy A. is 29 years old and has been selected as the village bank president by the other members. She is a mother of three children, two of whom are enrolled in a local public school while the other is two years old. Vanndy is a fruit seller at her local marK. where she is able to earn some money to support her family. Her husband, Mr. Naren Theng, is a famer who owns a plot of land to grow crops to sell to support his family. The couple has a problem because their field is infertile. To improve production, Mrs. Vanndy A. is requesting a loan to buy fertilizer for her farm in order to increase yield.
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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