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Mean's Group
In this Group: Mean, Haem, Chea, Chhiv, Deab, Chhiv, Chea, Bech
This village loan consists of eight members, all residents of Ruessei Srok village, Kandal Province. Mrs. Mean C., a 38-year-old married woman, was selected as the village bank president by its members. The group loan members will each use their portion of the loan to support their different purposes.



Mrs. Mean C. earns her living by selling bananas. Since her business is going well, she wants to expand it and so is requesting a loan to buy more bananas. Her husband, Mr. Un Sopheak, 38 years old, works as car driver, earning a little salary to support his family. This couple has four children, three of whom are attending the local school, while the fourth is four years old and not yet 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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $36,216,225
    Funds lent in using Kiva
  • 4,060.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mean's Group's $1,550 loan helped a member to buy more bananas to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 1, 2011