Yem Sam Ann's Group
Mrs. Yem S. A. and her husband are farmers who own a two-hectare plot of land and rent four hectares more from villagers for cultivating rice. Aside from farming, they also conduct a rice business.
Twenty-two people make up this village bank loan, and Mrs. Yem S. A. was selected to be the bank president by the other members. The members of this village loan will use their portions to support different purposes.
In order to support their rice business, Mrs. Yem S. A. is asking for a loan to buy more rice to enlarge her current business. With their loan they hope to increase their income to improve their family’s living condition.
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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Success!! The loan was 100% repaid