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Mrs. Makara Shum Village Bank Group
In this Group: Makara, Sokheng, Vorn, Kalayan, Sok Meng, Khom, Sokun, Chinda
Eight people living in Ta Reab DoU. Sar village in Kandal province comprise this village bank loan group. Mrs. Makara S., the 31- year-old village bank president, is a farmer who cultivates vegetables. She now faces a problem because she does not have enough money to rent a pond in which to grow lotus. Thus, she decided to ask for a loan for this purpose and for buying lotus seed. Her husband, Mr. U. Vuth, is a fisherman. Mrs. Makara S. is 31 years old and the mother of three children, two of whom attend the local school while the other is too young to work or study. The other members of the group will use their portions of the loan for other purposes.

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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $36,192,875
    Funds lent in using Kiva
  • 4,105.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Makara Shum Village Bank Group's $1,175 loan helped a member to buy lotus seed and rent a pond to grow lotus.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2009
Listed
Feb 1, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009