Mrs. Chanthy Doung Village Bank Group
Mrs. Chanthy D. was selected by her fellow group members to serve as the village bank president. She is a farmer who owns a parcel of land on which she grows vegetables. Unfortunately, she is now facing a few significant obstacles: her field is infertile and there are many insects (which have damaged her vegetables). To solve these problems, she decided to ask for a loan in order to purchase fertilizer and pesticides, which she hopes will ensure that her land is more productive going forward. Her husband, Mr. Em Saran, is a hardworking man. Mrs. Chanthy D. is 32 years old and is the mother of three children, all of whom are enrolled in the local school.
Mrs. Ol S. and Mrs. Kem Ie S. (both pictured) are not seeking a loan, but their husbands are requesting a portion of the loan proceeds.
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