Mrs. Thavy Meng Village Bank Group

Nine people who live in Angk village in Kandal province made up the village bank loan and they will use the loan which they obtained in different purposes. Mrs. Thavy Meng is a village bank president who has been selected by the members. She is a farmer who owns 0,6-hectar to cultivate rice for a living. In this farming, she now faces a small problem because she does not have enough money to buy more fertilizers to support the field to make her crop more productive. Thus, she decided to ask for a loan to buy fertilizers for her purpose. Her husband, Mr. Arn Seourn, also helps her in the farming. Mrs. Thavy Meng is 27 years old and the mother of a child who is too young to work or study because that child is on the age of four years old. A man who is presented in the photo is a group guarantee; he also shown in the picture with the village bank loan.

Two members in this village bank 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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