The Village Bank located in Sdao Kanlaeng Village in the Kandal Province consists of fourteen members.Mrs. Neth Y. is the Village Bank President. She was born in 1946 and is a widow with three children and sells grocery products. One of her children is employed in a garment factory, another is selling groceries in Phnom Penh, a Cambodian city, and the youngest child who is 23-years-old, assists Mrs. Neth Y. with her business.
Becuase her business is going well, Mrs. Neth Y. wants to expand her inventory and is requesting a loan to buy dry fish to meet her customers demands. She hopes to increase her income and improve the family's living conditions with this loan.
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.