Mrs. Sopheap Chun Village Bank Group

Sopheap Chun is 22-years-old and is a mother of two children who are two and four years old. She is married to Chhit Ka, who is a palm juice collector. Sopheap is the village bank president of a bank loan which consists of fifteen people, located in the Andoung Russey Village in Kampong Chhnang Province. She is also a pot maker in the local village. Her husband needs new equipment for his business, and is requesting a loan to buy additional materials to produce more palm sugar.

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

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