Mrs. Phy Hong Village Bank Group

Fourteen people, who are located in Ampil village in Kandal province, make up this village bank loan and all the members will use the loan for different purposes. Mrs. Phy Hong is the village bank president who has been selected by the members.

Mrs. Phy Hong is a farmer who owns a small piece of land on which she cultivates rice to earn a living. In this plantation, she faces a small problem because her field has infertile soil which is bad enough to affect the crop. So she decided to ask for a loan to buy fertilizers and pesticide to support the field to make her crop more productive.

Mrs. Phy Hong’s husband, Mr. Kheng An, is a pig breeder who is able to make a small income to support the family. Mrs. Phy Hong is 51 years old and the mother of three children who are all attending the local school.

Two members in this group loan have end-of-term (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. EoT loans allow 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 clients make their payments on time. AMK has a delinquency rate of only 0.09% and 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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