The village bank loan, which consists of twenty-three people, is located in Preaek Pang village in Kandal province and all the members will use the loan for different purposes. Mrs. Sopha K. is a village bank president who has been selected by the members. She is a grocer in the local village. Aside from this business, she is a pig breeder. In this business, her pigs are growing bigger and bigger and she does not have enough money to buy pig food to feed thE.. She decided to ask for a loan to buy food for her purpose. She is a widow with two children who both assist their mother in the business activities. Mr. Bra H. and Mr. Mon S. did not attend the loan meeting but their wives did, so they are presented in the picture instead.
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.