Mrs. Phorn Lai's Village Bank Group

Mrs. Phorn Lai owns a small store on the street where she sells dried fish. Since her business is going well, Mrs. Phorn Lai decided to ask for a loan to buy more dried fish to re-sell. Her husband, Mr. Pot Nor, is a cow breeder who is raising only one cow. Aside from this business, he is the vice-village chief who can make $31 per month to support his family.

Mrs. Phorn Lai hopes to increase her income and improve her standard of living with this loan. In the picture, Mrs. Eith Oeun is not shown because she was busy with her work but her husband came instead of her so he is shown in the picture.


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