Mrs. Nut S., born in 1979, is a married woman, and is a village bank president. She was selected to be the president by the other members. Mrs. Nut S. is a vegetable seller in the market, where she is able to earn a little income to support her family. Her husband, Mr. Soeung Kosal, owns a motorcycle to carry a Khmer trailer for transporting vegetables for resale.
As a part of the decor for the house they live in, Mrs. Nut S. would like to purchase a wardrobe. She is asking for a loan to add to her savings so she can purchase a wardrobe for her family's use. This couple has two children: one attends a local school and the younger one is 3 years old.
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