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Loeb's Group
In this Group: Loeb, Mev, Lay, Mev, Lay, Mom, Loeb, Soy, Phy, Seng
Ten people are coming together for this village loan. They are located in Vihear village in Kandal province. The village members selected Mrs. Loeb C., 39 years old, as the village bank president. Each member of the group will each use his or her portion of the loan to purchase equipment, supplies and other items to support his or her different purpose.

Mrs. Loeb C. is a farmer who owns a plot of rice field to cultivate rice for a living. To support this farm, she would like to use a loan to buy fertilizer to cultivate rice. The rest of the loan she would like to use to repair her chicken house. Her husband, Mr. Soem Chann, 42, works as motorbike taxi driver.
They have three children who are students in the local school and also support their parents' businesses.

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
  • 133
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Loeb's Group's $1,525 loan helped a member to buy fertilizer to cultivate rice.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011