Mrs. Youren Say Village Bank Group

Mrs. Youren Say is the village bank president for eight members who all live in Preak Ta Ker village in Kandal province. She is 27 years old and she is single. She owns a small piece of land where she cultivates both rice and vegetables to earn a living.

Mrs. Youren Say has a problem because she does not have enough money to buy vegetable seeds. She is asking for a loan to buy vegetable seeds in hopes that she will increase her income and improve her living conditions.

This is a village bank loan consisting of mainly end-of-term (EoT) loans. Four 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 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 their 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