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Saom Art Group
In this Group: Saom, Vuthy, Ruos, Gnorn, Naren, Sophak
Mrs. Saom A. is the leader of a group of six members in Andong Chek Village in Kampong Chhnang Province. She makes and sells baskets in the local village. Mrs. Saom A. wants to expand her business so she is asking for a loan to bU. more baskets to re-sell. The baskets she makes are not completed on time. Mrs. Saom A. is 56 and the mother of two children, one of whom is a laborer while the other is too young to work or study. Her husband, Mr. Chheang Sok, is a laborer in the local village. Previously, Mrs. Saom A. had obtained a loan from AMK to stA. her basket business. Last year, her youngest child got dengue fever and Mrs. Saom A. had to spend an unforeseen amount of money to cure the disease.

Additional Information

About AMK

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.

About Cambodia

  • $2,600
    Average annual income
  • 292
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 3,949.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saom Art Group's $850 loan helped a member to buy more baskets to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 19, 2008
Listed
Jun 3, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009