Mrs. Kim Srey Mao Village Bank Group

Thirteen people in Toek Khlaing Village in Kandal Province make up the Village Bank Loan, led by Village Bank President Mrs. Kim Srey Mao, who was selected by the members. Mrs. Mao’s living conditions are poor because her household makes only a small income. She is a vegetable farmer and cow breeder with three cows. Her family has only one bike for travelling to the field and local market. Her husband, Mr. Keo Sochea, is a fisherman who needs more fish nets to improve his business, Mrs. Mao is requesting a loan to buy additional nets to increase household income.

Mrs. Srey Mao is 37 years old and the mother of four children, one of whom is employed in a garment factory earning $38 per month while the remaining three are attending school.

This is a village bank loan consisting mainly of end-of-term loans. Seven members have end-of-term loans and the rest have monthly payment loans. Group members 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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