Mrs. Mach Les Village Bank Group
Mrs. Mach L. owns a general store where she is able to earn a good profit to support her family. Her husband, Mr. Poeun Buch, is a construction worker and he is also a farmer who owns a plot of land where he cultivates rice to support his family.
Since her current business is going well, she wants to expand. To reach this goal, Mrs. Mach L. is applying for a loan to buy more groceries to sell and the rest of the loan she will use for her farming this year.
Mrs. Mach L. was born in 1979. She is a mother of three childrE.; two are in school and the youngest is four years old.
The members of the village bank loan will each use their portion of the loan for varied ways. All the members are shown in the picture but one member is blocked.
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