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Net Pheap's Group
In this Group: Net, Tun, Nek, Net, Yuth
Mrs. Net P., 43 years old, is a farmer who owns a 1.5-hectare plot of land upon which she cultivates rice for a living. Her husband, Mr. Choun Sieb, fifty years old, is a fisherman and also helps his wife on the farm. This couple is working hard to support their five children: two are seamstresses in a garment factory, two are attending the local school, while the youngest is five years old and not in school yet. They live in Reang Dek village in Kandal province.


Five people are taking on a group loan and have selected Net as the group leader. The members of this group will use their portions of the loan to support their different purposes. Net is asking for a loan to buy rice seed.

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
  • 306
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,030.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Net Pheap's Group's $575 loan helped a member to buy rice seed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2010
Listed
Jan 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012