Mrs. Voeun Voeun Village Bank Group
Mrs. Voeun Voeun was selected by the other members of her group as their village bank president. She is 25 years old. She is a farmer who owns a small piece of land to cultivate rice that she sells to support her family. Her husband, Mr. Kha Khoem, is a broom seller door-to-door. Both of them work hard at their businesses but they still do not earn much. For that reason, they wanted to start a new business but they did not have enough money to invest in it. Thus, Mrs. Voeun Voeun is seeking a loan to buy some piglets for breeding. Through this activity, they hope to support their five children, all of wH. attend local public school.
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