Mrs. Horl S., born in 1962, is the village bank president, and was selected for this position by the other members. Her husband, Mr. Soa Sophal, also born in 1962, earns a small income as a police officer, and he also helps his wife in her farming business. The couple has four children: one is a truck driver, one is a farmer, and the other two are students.
Mrs. Horl S. is a farmer who owns a plot of land which she uses to grow peanuts and corn for a living. Aside from being a farmer, she also sells fish at the local market.
In order to support her farming business, she is requesting a loan in order to buy peanut seeds and corn seeds, as well as to pay for hired laborers to plow her farm in preparation for growing her crops.
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