Mrs. Mom Village Bank Group
She was born in 1978. She is a mother of three children, two of whom are attending the local public school. The youngest one is a 4 year-old.
Mrs. Mom is a fruit seller in Phnom Penh city where she can earn money to support her family. Her husband, Mr. Vet, is a construction worker and a farmer. He owns a half-hectare plot of land where he grows rice. Some of the rice is sold and the rest is for the family.
Mrs. Mom wants to start a new business and so is applying for a loan to buy some piglets for breeding. With the rest of the loan, she will buy bamboo and zinc to fix her house.
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