Mr. Chantha Sek Village Bank Group

This village bank loan group which consists of twenty people is located in Boeng village in Takeo province. Mr. Chantha Sek is the village bank president who has been selected by the other members.

Mr. Chantha is farmer who raises pigs and chickens to earn a living. Since his business is doing well, he wants to expand it by purchasing more chickens and piglets to raise. His wife, Mrs. Chay Davy, is employed in a garment factory.

Mr. Chantha is 28 years old and the father of two children, one of whom is enrolled in the local school and the youngest one is too young to work or study.

Mrs. Bopha Nget did not come to take her loan but her husband did, so he is presented in the photo instead.

This is a village bank loan consisting of mainly end-of-term (EoT) loans. Sixteen members have EoT loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any principal on the loan until the very end of the loan term.

EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. An EOT loan allows them to repay portions of the principal whenever they are financially able to. 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

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