Twenty-five people in Khsom Village in Kandal Province will be comprised in one Village Bank loan. Mrs. Nat C. is a Village Bank President and she is a Chinese noodle seller in the local village. Though her business activity now is more improved, Mrs. Nat C. wants to start another Khmer noodle business which she can sell together with Chinese noodles in one place. Thus, Mrs. Nat C. needed to ask for a loan to deal with this purpose. Her husband, Mr. Srun Huoy, always assists in his wife's business. Mrs. Nat C. has five children, three of whom are employed in a garment factory while the two others are studying at state school. Previously, Mrs. Nat C. obtained a loan from Acleda Bank to build a new house.
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.