Mrs. Nov Rours Village Bank Group

The Village Bank, located in Angk Village in Kandal Province, consists of eight members who will use the loan for a variety of purposes. For example, Mrs. Nov Rours, the Village Bank President, is a fisherwoman requesting a loan to buy a new boat in order to restart her business which has been sidelined due to the unseaworthiness of her current boat. Her husband, Mr. Tong Pheng, assists in her business.

Nov is 42 years old and the mother of six children, two of whom are employed in a garment factory while another two help their parents and do housework. The remaining two are attending the local school.


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