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Kor Toeur Group
In this Group: Kor, Sdamass, Nak, Nor
Four people in Samrith Chey Village have formed a business group with Mrs. Kor T. as the group leader. She is a subsistence farmer and a fish seller. Her husband, Mr. Nol Long, is a fisherman. Mrs. Kor T. has two children, both of whom attend the local school.

Mr. Nol Long's business now faces problems because he does not have enough money to buy fishing nets. Thus, Mrs. Kor T. has decided to ask for a loan for this purpose.

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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,987,750
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kor Toeur Group's $525 loan helped a member to buy more fishing nets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 23, 2008
Listed
Jun 7, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009