Mrs. Srey Loeng Thon Village Bank Group
M.. Srey Loeng T. is a farmer who earns a living from the bananas that she grows on a small piece of land she owns. She is 26 years old and the mother of two children. One attends the local school and the youngest, at 5 years old, is too young to work or study. Her husband, Mr. Pak Pol, helps her in the plantation. M.. Srey Loeng T. has an obstacle because her field has infertile soil so she asks for a loan to buy fertilizers to support the field to make her crop more productive.
Mr. ToU. K. did not attend the meeting but his wife did, so she is presented in the picture instead him.
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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Success!! The loan was 100% repaid