Mrs. Yoeung Mok Village Bank Group

Thirteen people living in Serei Duoch village in Takeo province comprise this village bank loan, and they will use the loan for various purpose. Mrs. Yoeung Mok is a 47- year-old village bank president. She is a vet in the local village. Her husband, Mr. Sum Khorn, is a farmer who owns a piece of land to cultivate rice. In this plantation, he faces an obstacle because his field is infertile which it is a bad to affect to his crop. In order to solve this problem, Mrs. Yoeung Mok decided to ask for a loan to buy fertilizer to support the field to make her crop more productive. She has three children, one of whom is a teacher in the local school while another is employed in a tailor and the remaining helps the parents work.

Eleven members in this group loans are end-of-term loans and the rest have monthly payment loans. They 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 it is the most beneficial to Cambodia’s poor. It 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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