Mrs. Channa Phen Village Bank Group

Fourteen people living in Serei Duoch village in Takeo province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Channa Phen is the 40-year-old village bank president. She owns a small business selling juice. Her husband, Mr. Mang Polo, is a farmer who owns a plot of land where he cultivates rice. In this plantation, he needs the money to buy fertilizer and gasoline to pump water to support the field. Thus, Mrs. Channa Phen decided to ask for a loan for this purpose. She has four children, two of whom are employed in a garment factory while another is attending the local school and the youngest one is too young to work or study. (Mrs. Sorn Matt did not come to take the loan but her husband did, so he is in the picture instead her.)

All the members in this group loan have end-of-term loans so they are not required to pay any principal on the loan until the very end of the loan's 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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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