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Mrs. Meaon Chreb Village Bank Group
In this Group: Meaon, Lor, Nget, Mao, Mao, Sek, Men, Chan, Pean, Chan, Penh, Lon, Uch, Mom
Fourteen people make up this village loan, and they selected Mrs. Meaon C. as village bank president. She is 35 years old, and lives in BoE. Krum Kraom village in Kandal province. The members will use their portion of the loan for different purposes, to improve their families.

Mrs. Meaon C. is a fish seller in local market, where she earns a large profit to support her family, while her husband, Mr. Sopheap Lor, is a fisherman and farmer who owns a plot of land to cultivate rice to sell to support his family. Her problem is that her husband’s field is ready to grow rice, but she does not have enough rice seed to grow. So, to improve production, Mrs. Meaon C. is seeking a loan to buy rice seed. She is a mother of three children, one of whom is a washer, while the others are studying in 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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,210.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Meaon Chreb Village Bank Group's $2,350 loan helped a member to buy rice seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011