Mrs. Mom Village Bank Group
Mrs. Mom is the village bank president who has been selected by the other members. She was born in 1980. She is a mother of five children, four of whom are attending local public school, and the youngest one is a 3-year-old. She is a farmer who owns a small piece of land where she can grow rice. She sells part of the rice and with the rest of the rice she supports her family, while her husband, Mr. Chek, is a fisherman and a cow middleman.
Since her husband’s business is good, she wants to help him expand it. So Mrs. Mom is seeking a loan to add to her savings to buy more cows for resale.
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