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Mrs. Mom Nol Village Bank Group
In this Group: Mom, Sok, Nim, Chanthoeun, Srey Neng, Thea, Kunthea, Piseth, Aem, Theng, Chanthy, Neang
These twelve people have selected Mrs. Mom N. as the village bank president. She is 35 years old. All the members make up a village bank loan located in Trapeang Chhuk village, Takeo province, and they will each use their portion of the loan for varied purposes.

Mrs. Mom N. is a widow with three children, two of whom are seamstresses in a garment factory, while the youngest one is five years old. She works as a farmer who owns a very small piece of land to cultivate rice on to sell to support her family. Her problem is that her field has infertile soil, so to increase rice yield in this current year, Mrs. Mom N. is seeking a loan to buy fertilizer. She plans to use the rest of the loan to pay farm laborers to help her to do farming.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,220.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Nol Village Bank Group's $975 loan helped a member to buy fertilizer and to pay farm laborers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 15, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011