The Village Bank which consists of niN. people is located in Phlov Trei Village in Kandal Province. Mrs. Koem T. is the Village Bank President. She was born in 1965. Mrs. Koem T. has three children, two of whom are door-making workers; the youngest oN. is attending school.
Mrs. Koem T. owns a small piece of land on which she grows mango trees. She now faces a problem because the plantation has been damaged by insects. Therefore, Mrs. Koem T. decided to ask for a loan to buy pesticides to kill all the insects in order to make her crop more productive. Aside from this business, Mrs. Koem T. is a grocer. Her husband, Mr. Khiev Samoeurn, always assists his wife in both businesses.
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.