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Aom's Group
In this Group: Aom, Soun, Morn, Chou, Soun, Pao, Say, Chim, Kong, Pen, Run, Heang, Chan, Khon, Uy, Chun, Ham, Mork, Nuon, Miech, Phoung, Miech
There are twenty-two members fare forming a village bank loan, and they are living in Preaek Traeng village in Kandal province. This village loan selected, Mrs. Aom K., 39 years old, as the village bank president. The members of this village hope to increase their income to improve the family of their living by using these loans.

Mrs. Aom K. is widow with three children; one of whom is laborer and the others two are students in the local school.

Mrs. Aom K. is a farmer who owns a plot of land which she uses to grow rice and vegetables for a living. With this farming, she is able to earn a little income to support her family. But now her house has a broken roof, so she would like to ask for a loan to add her saving to buy zincs to fix her house up.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Aom's Group's $2,875 loan helped a member to add her saving to buy zincs to fix her house up.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012