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Meng's Group
In this Group: Meng, Mee, Sareth, Thoung, Sarith, Noav, Pauch, Ngen, Ke, Teing, Kung, Toch, An, Phem, Khoem, Kong, Chheang
In Kampong Svay village, in the province of Kandal, there are seventeen members making a village bank loan. Mr. Meng S. is 45 years old, and he is the village bank president selected by its members. Each of them will use their portion of the loan for different purposes to improve their family's living standards.

Mr. Meng S. and his wife, Mrs. Chheng Siebly, are farmers who own a plot of land which they use to cultivate rice for a living. For their farm, Mr. Meng S. would like to ask for a loan to buy farming supplies for cultivating rice. He wants to use the rest of the loan to support his fishing. Aside from farming, they also earn their living through fishing.

This couple works hard with their carriers to support their six children, two of whom are fisherman while the others are students who help their parents with their 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,105,500
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Meng's Group's $2,375 loan helped a member to buy farming supplies for cultivating rice.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Jan 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012