Mrs. Doeur Sina's Village Bank Group

This village bank loan group consists of fourteen members who live in Trapeang Anchan Village in Kampong Chhnang Province, Cambodia.

Mrs. Doeur Sina is the village bank president. She owns a small grocery store in the local market. Since her business is going well, she decided to ask for a loan to buy more grocery products for her inventory in order to meet her customers' demands.

Her husband, Mr. Tuy Phearun, is a motorbike taxi-driver who makes a small income to support his family. Mrs. Doeur Sina is 26 years old and the mother of two children, one of whom is attending the local school. The youngest one, age four, is too young to work or study.

This is a village bank loan consisting of mainly end-of-term loans. Three members have end-of-term loans and the rest have monthly-payment loans. Members with end-of-term loans are not required to pay any principal on their loans 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. 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

Subscribe