Mrs. Phan K. is a 34 year-old married woman and she is the group leader. She was selected to be the group leader by the four members. She and her husband, Mr. Cheng Thol, earn their living by making doors and windows which they sell to support the family. In order to support this business, Mrs. Phan K. would like to ask for a loan to buy more raw materials for her current business.
This couple has four children: two are chefs in restaurants and the others are students in the local school.
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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