Mr. Ey Sam Ort's Village Bank Group

Nine people in Da Village in Kampong Chhnang Province form the village bank and they plan to use the loan for different purposes. Mr. Ey Sam Ort is the village bank president and he is a fisherman in the local lake. In this business, he now faces a small problem because he does not have enough money to purchase more fishnets to catch more fish. His wife, Mrs. Nhil Sam Oeurn, is a farmer who owns a hectare to cultivate rice to earn for a living. Mr. Ey Sam Ort is 46 years old and the father of five children, one of whom is employed in a garment factory, while the others help their parents' business. Mr. Ey Sam Ort hopes he can make more income to improve his living condition with this new loan.

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

Subscribe