Mrs. Chann Yoem Village Bank Group
Mrs. Chann Y. is a vegetable and pork seller in her local village where she is able to earn a large profit to support her family. She is also a pig breeder while her husband, Mr. Ly Meun, is a farmer who owns a one-hectare (2.5-acre) plot of land that he uses to cultivate rice to sell to support the family.
Since her current business is going sell, Mrs. Chann Y. wants to expand it. So, to achieve this purpose, she is applying for a loan to buy more pork and vegetables to sell. With the rest of the loan she will buy pig feed.
Mrs. Chann Y. is the mother of three children who are attending school and also helping with their parents’ businesses.
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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Success!! The loan was 100% repaid