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Mean Oun Group
In this Group: Mean, Sary, Sokhom, Khimleang, Oun, Sarin
Mrs. Mean O. lives in Samrith Chey Village in Kampong Chhnang Province, Cambodia. She is the leader of a six-person business group. Mrs. Mean O. is a mat maker and her husband, Mr. Leang Meas, is a fisherman. He doesn't have enough fishing equipment for his fishing business. In order to improve her husband's business, Mrs. Mean O. needs to ask for a loan to buy more fishing nets for his business.

Previously, Mrs. Mean O. has obtained a loan from AMK to start her mat business. Mrs. Mean O. is 40 years old and is the mother of seven children, two of whom are employed in a garment factory while five others are enrolled in the local school.

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
  • 232
    View loans »
    Cambodia Loans Fundraising
  • $37,058,050
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mean Oun Group's $900 loan helped a member to buy more fish nets for her husband’s business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 25, 2008
Listed
Jun 7, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009