Mrs. Eng R. is the group leader of five members in Sdok Slat Village in Kampong Speu Province. Mrs. Eng R., 29, is a subsistence farmer, and she is always cooking food for her family. In her farming business, Mrs. Eng R. has faced an infertile field and a drought. Therefore, Mrs. Eng R. now wants a loan to buy more fertilizers to support the cultivatable land, and also to rent a pump to water her field. Her husband, Mr. Khorn Khoun, is a construction worker in the village, and he can generate a small income to support the family. Mrs. Eng R. is the mother of three children; one of the oldest children is employed in a garment factory. The second child died in a car accident. The last one is too young to work or study. Mrs. Eng R. has previously obtained a loan from AMK to buy fertilizers for her plantation.
Angkor 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.