Mrs. Duch Channy Village Bank Group

The village bank, which consists of ten people, is located in Ta Kret Village in Kampong Cham Province. Each member will use the loan for a different purpose. Mrs. Duch Channy is the village bank president and she was born in 1961. She is a farmer who cultivates twice a year. During the rainy season, she cultivates rice while growing vegetables in the dry season. Her husband, Mr. Kem Touch, is a cow middleman who buys cows and re-sells them later at a better price. Since this business is going well, he wants to expand it, so his wife, Mrs. Duch Channy, decided to ask for a loan to buy more calves for breeding in order to re-sell. Mrs. Duch Channy has five children, three of whom are employed in a garment factory, while the remaining two are attending school.

This village bank loan is an end-of-term loan and all the 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 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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