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Mr. Moeun Min Village Bank Group
In this Group: Moeun, Chhin, Phoeun, Soeurn, Yong, Phally, Yim, Leakena, Orch, Sophi, Soem, Soeur, Sorn, Ny, Phal, Soeurng, Phat
Seventeen people in Thommoda village, Takeo province, make up this village bank loan. They will use their portions of the loan in different ways to support their businesses. Mr. Moeun M., who is 50 years old, is the village bank president selected by the other members. He is a palm-juice collector who makes palm sugar and is also a musician, while his wife, Mrs. Rat Ngem, is a farmer who owns a one-hectare plot of land with which she is able to earn good money to support her family. Although they try to work hard, they can only earn a little money. So to improve his family's living conditions, Mr. Moeun Mi is asking for a loan to buy some piglets, pig food, and chicken food. He is the father of a child who is too young to work or study.

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
  • 185
    View loans »
    Cambodia Loans Fundraising
  • $35,963,325
    Funds lent in using Kiva
  • 4,220.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Moeun Min Village Bank Group's $1,975 loan helped a member to buy some piglets, pig food, and chicken food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011