Mrs. Mao Sreymom Village Bank Group

This village bank loan consists of 19 people in Peam Prochum Village in Kandal Province led by Mrs. Mao Sreymom, the Village Bank President. All the members will use the loan for a variety of purposes. For example, Mrs. Sreymom is a farmer who cultivates twice a year: rice during the rainy season and vegetables during the dry season. Her husband, Mr. Prak Duong is a construction worker who can earn around $2 per day. However, they still live in poor conditions, so Mrs. Mao Sreymom is requesting a loan to buy a boat for her husband to start a fishing business.

Mrs. Mao Sreymom is 48 years old and the mother of three children, two of whom are attending school while the other is of preschool age

This is a village bank loan consisting mainly of end-of-term loans. Two 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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