Mrs. Keo Koem Lin's Grocery Store Group

The village bank, which consists of twenty-one members, is located in Prey Morn Village in Kampong Chhnang Province; Mrs. Keo Koem Lin is the village bank president. She also owns a small grocery store in the local market. Since this business is going well, she wants to expand it; consequently, she decided to ask for a loan to buy more grocery goods for her inventory. Her husband, Mr. Loem Tun, has a small store where he can repair cassette players for an income. Mrs. Keo Koem Lin is 36 years old and the mother of four children, all of whom are attending the local school.

This is a village bank loan consisting of mainly end-of-term loans. Sixteen 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 it is the most beneficial to Cambodia's poor. It allows them to repay portions of the principal whenever they are financially able to do so. 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