Mrs. Vai Kim Huoch Village Bank Group

Nineteen people in Tuol Ampil Village in Kampong Cham Province have formed a village bank, and Mrs. Vai Kim Huoch is the village bank president. They each plan to use the loan for different purposes. For instance, Mrs. Vai Kim Huoch is requesting a loan to buy more piglets while this business is going well. Her husband, Mr. Ock Sothy, is a construction worker who makes $2, which not enough income to support his family. Mrs. Vai Kim Huoch is 22 years old and the mother of two children who are both are too young to work or study because they are two years and five months old.

One among the nineteen members in this village bank has an end-of-term loan, and the rest have monthly payment loans. This member is 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 they are 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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