The Village Bank, which consists of seventeen members, is located in BoE. Krum Leu Village in Kandal Province. Mrs. Sokh K. is the Village Bank President and she is a pig breeder. Mrs. Sokh K. faces an obstacle because she does not have enough money to purchase pig food to feed her two pigs. Thus, she decided to ask for a loan for this purpose. Her husband, Mr. Oum Ros, is a motorbike taxi driver who can make a small income to support his family. He also assists his wife in her business when he has free time from his work. Mrs. Sokh K. is 41 years old and the mother of three children. Two of her children are car washing workers, while the youngest one is attending the local school. (A man who is in the photo is pictured instead of his wife because his wife is very busy with her work.)
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.