Sok Ny's Group
Mrs. Sok Ny K. is the group leader who has been selected by the members. She is a silk weaver and her husband, Mr. Phoeurn Hun, is a farmer who owns a small piece of land in which to cultivate rice to support their living. For weaving, she has a problem because she has too little silk to weave; furthermore, this family does not have enough money to buy silk for weaving. Thus, Mrs.Sok Ny K. decided to ask for a loan to buy some silk to weave to increase their income.
She is the mother of three children, two of whom are enrolled in primary school while the other one is too young to go to school or work.
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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