Mrs. P. is a married woman who was born in 1986. Her husband, Mr. Eng, was born in 1983. This couple earns their living by farming. They are farmers who rent a 1-hectare plot of land which they use to grow rice. In order to support and improve the rice fields, Mrs. P. would like to ask for a loan to buy fertilizers, pesticides and to pay hired farming laborers for growing rice. Aside from farming, Mr. Eng also earns some income by fishing.
This couple is working hard to support their three children: one is attending a local school and the others two are too young to study or work.
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