Mrs. Pea M., born in 1969, is the village bank president, and was selected for this position by the other members. Her husband, Mr. Meas Rotha, born in 1968, works as a motorcycle taxi driver who is able to earn a small income to help support his family. The couple has six children: two are waitresses in a restaurant, and the others are students. They all try to help support their parents' businesses.
Mrs. Meas Rotha earns her living by selling groceries in the local village. In order to support and enlarge this business, she is asking for a loan in order to purchase more groceries to offer for sale.
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