Mrs. Sokit Chann Village Bank Group

Sixteen people who located in Thnal Teaksen village in Takeo province made up the village bank loan and Mrs. Sokit Chann is a village bank president. She owns a small restaurant in the local village. Since this business is going well, she wants to buy more ingredients for her current business so she decided to ask for a loan to buy them. Her husband, Mr. Ven Na, is a farmer and he also helps his wife on the current business. Mrs. Sokit Chann is 37 years old and the mother of three children two of whom are attending the local school while the youngest one is too young to work or study because that child is on the age of two years old. Mrs. Phuong Dara who is a group guarantee is also presented in the picture with the village bank loan.

Two members in this village 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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