Mrs. Horn Bou Village Bank Group

The village bank loan which consists of nineteen people and they all live in Peam Prachum village in Kandal province. Mrs. Horn Bou is the village bank president who has been selected by the members. She and her husband, Mr. Veth Hun, are farmers who own a plot of land to cultivate both rice and vegetables to earn for living conditions. In the rice growing, they face an obstacle because they do not have enough money to buy rice seed and fertilizer to support the paddy field. Thus, Mrs. Horn Bou decided to ask for a loan for this purpose. She is 51 years old and the mother of six children, two of whom are employed in a garment factory while another stays at home to do housework and the others are enrolled in the local school.

Twelve 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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