Mrs Hem L. is the group leader I. this small group I. Soben Village I. Kampong Chhnang Province. She is currently I. the business of Khmer noodle selling. Her husband is a motorbike-taxi driver who can generate only a small income to support the family. Mrs Hem L. is 41 and the mother of two children, both of whom are enrolled I. school. Mrs Hem L. and the family members are now I. poor conditions and they live I. an old house. Mrs Hem L. is requesting a loan to increase her profit to build a new house to replace the old one.
Previously, Mrs Hem L. obtained a loan to expand her Khmer noodle business. She will share this loan with her group members.
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.