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Seng's Group
In this Group: Seng, Oeun, It, Yorm, Sam, Chea, Leng, Than, Kan, Bich, Iem, Sen, Sok, Hun, Chhay
This village loan consists of fifteen members who are taking out a village bank loan; they are located in Sambuor village in Kandal province. This village loan selected Mrs. Seng Y., a 36 year-old married woman, as the village bank president. Each member of this village will use their money for different purposes.

Mrs. Seng Y. is a farmer who owns a plot of land which she uses to cultivate rice for a living. She would like to ask for a loan to buy fertilizer and gasoline for growing rice. Her husband, Mr. Net Thy, is a laborer who receives a small salary to support his family.

This couple is working very hard with their careers to support their three children; one of whom is a laborer and the others are attending the local 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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Seng's Group's $2,325 loan helped a member to buy fertilizer and gasoline for growing rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2010
Listed
Jan 12, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012