This village bank loan team, which consists of twenty-eight people, is located in Phum Bei Dab village in Kampong Cham Province. All the members will use the loan in different purposes. Mrs. That S. is the village bank president who has been selected by the members. She is a farmer who owns a small piece of land to cultivate rice to earn for living. In this plantation, she now faces a small problem because her field is infertile soil so she decided to ask for a loan to buy more fertilizers to support the field to make her crop more productive. Her husband, Mr. Saom Thea, is a laborer who can make a little income to support the family. Mrs. That S. is 42 years old and the mother of four children, two of whom are laborers while another one is attending the local school and the youngest one is too young to work or study because that child is on the age of two years old.
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.