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Lat's Group
In this Group: Lat, Moeurn, Loak, Mut, Kong, Nguy, Born, Nguy, Lort
The village loan consists of nine people, located in Vihear village in Kandal province. This village selected Mrs. Lat S., a 50-year-old married woman, as the village bank president. With the loans, they hope to increase their income to improve their family's living situation.

Mrs. Lat S. is a farmer who owns a plot of rice field to cultivate for a living. Her husband, Mr. Muong Mut, 49, works as a fisherman. His fishing business needs some supplies, but they lack the money to buy them. So Mrs. Lat S. would like to use a loan to buy fishnets for her husband's fishing business.

They have four children: two are seamstresses in the garment factory, and two are students in the local school and also help in 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
  • 267
    View loans »
    Cambodia Loans Fundraising
  • $37,510,725
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lat's Group's $1,275 loan helped a member to buy fishnets for her husband's fishing business.
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:
Jan 4, 2012