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Mrs. Meng Korn Village Bank Group
In this Group: Meng, Heng, Khom, Kun, Heng, Pha, Leang, Eam, Leang, Pech, Phal, Sambour, Naihau, Min, Seing, Ny
This village bank which consists of sixteen members is located in Preak Phum village in Kandal province, and they plan to use the loan which they obtained for different purposes. Mrs. Meng K. is the village bank president who has been selected by the members. She sells bananas. Aside from this business, she is a farmer who owns a plot of land where she cultivates both rice and vegetables.

In this plantation, she faces an obstacle because her field is infertile. Thus, she decided to ask for a loan to purchase fertilizer to amend the field to make her crops more productive. She would use the rest of the loan to buy piglets to start breeding pigs. Her husband, Mr. Ly Kruy, is a security guard.

Mrs. Meng K. is a 34-year-old mother with five children; four children are attending the local school while the youngest one is too young to work or study.

Additional Information

About AMK

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.

About Cambodia

  • $2,600
    Average annual income
  • 273
    View loans »
    Cambodia Loans Fundraising
  • $38,170,450
    Funds lent in using Kiva
  • 4,148.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Meng Korn Village Bank Group's $2,250 loan helped a member to purchase fertilizer and piglets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 23, 2008
Jan 13, 2009
Currency Exchange Loss:
Jan 15, 2010