Mrs. Mom Chea Village Bank Group
Mrs. Mom C. breeds pigs. Since her pig-breeding business is going well, she wants to expand it. Thus, she has decided to request a loan to buy more piglets for her breeding business. She hopes to increase her income and improve her family's living conditions when she sells the pigs that she buys with this loan.
Her husband, Mr. Prum Saren, is a farmer who owns a small piece of land on which he cultivates rice. Mrs. Mom C. is 40 years old and the mother of five children. Two of her children are workers, two more attend the local school, and the youngest is just five years old.
About AMKAngkor 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.
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