Mrs. Koeurn Sorn Village Bank Group

Twenty-eight people who live in the Ta Reap Doun Sor village in Kandal province make up this village bank. They will use the loan they obtained for different purposes.

Mrs. Koeurn Sorn is the village bank president. She is a farmer who owns a small piece of land to cultivate vegetables, specifically cucumbers, for her income. In the field, she now faces a small problem because infertile soil has affected her crop. She decided to ask for a loan to buy fertilizers to support the field. She hopes she can produce productive cucumbers for sale. Her husband, Mr. Eang Auk, helps her with the vegetable planting. Mrs. Koeurn Sorn has two children, one of whom is a laborer while the other is attending the local school.

Eight members in this village bank loan are end-of-term borrowers and the rest have monthly-payment loans. The end-of-term borrowers are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. EoT loans allow them to repay portions of the principal whenever they are financially able. Most clients start to make payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

Subscribe