Mrs. Mam H. is a farmer who owns a plot of land that she uses to grow crops on. Her field is far from the irrigation system, so she would like to use this loan to buy hoses for pumping water to support her farming. With the rest of the loan she wants to buy a battery to light her house. Her husband, Mr. Buth Savy, is 50 years old and works as a furniture maker. With both their occupations, they are able to earn a small income to support their family. This couple has six children: one is a beautician and three are seamstresses in a garment factory while the two others are attending the local school.
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.
199View loans »
Success!! The loan was 100% repaid