Mrs. De E. was born in 1953, and she is the village bank president. She has been selected to be the village bank president by the eighteen members. She and her husband are fishermen who are able to earn a little income to support their family. They do not have enough fishing equipment to support their business. So, Mrs. De E. would like to ask for a loan to buy fishing equipment. Aside from being a fisherman, she also earns her living by breeding pigs at her home.
These spouses are working at their businesses to support their five children: four are fishermen and one is attending a 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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