Mrs. Koem Lav Village Bank Group
Mrs. Koem L. and her husband, Mr. Muon Moeun, are farmers who own a 1-hectare plot of land to grow rice to sell to support their family. He is also a construction worker. At the present, Mrs. Loem L. wants to start a new business breeding pigs, but she does not have enough money to support this venture. To achieve her purpose, she is asking for a loan to buy some piglets and pig food to start this new business.
Mrs. Koem L. has one child who is just 9 months old. Mr. Nim C. is a guarantor, so he is present in the picture. All the members are shown in the picture, although four are blocked from view.
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.
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Success!! The loan was 100% repaid