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Saro's Group
In this Group: Saro, Raong, Soeurn, Srey, Sareth, Yin, Leng, Thy, Sokhorn, Touch, Navy, Khaem, Thy, Tha, Nareth, Sim, Srey Lat, Srey Mom, Sreyloat, Nheom, Sarorn, Malis, Sarom, Hean
Mrs. Saro P., age 48, is the village bank president, having been selected by its twenT.-four members located in Ampov Prey Pir village, Kandal province. The members of this village loan will use the money to buy supplies, equipment and other items to support their different purposes.

Mrs. Saro P. is a farmer who owns a plot of land that she uses to cultivate rice for a living. In order to support this farm, she will use the loan that she has requested from AMK to buy fertilizer, pesticide and to pay for laborers to plow her farm to cultivate rice. Mrs. Saro Phanm is a widow with three children: One is a knitter and the other two are students 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
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saro's Group's $4,050 loan helped a member to buy fertilizer, pesticide and to pay for laborers to plow her farm to cultivate rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011