Mrs. Mom El Village Bank Group

Nine people who all live in Prapang Mates Village in Kampong Chhnang Province comprise this village bank loan, led by Mrs. Mom El, a rice farmer. Although she works hard on the plantation, it yields inadequate rice revenue to support Mom’s family well. In order to improve her living conditions, she is requesting a loan to buy a plot of land to plant rice on, an action that she hopes will increase her revenue.

Mrs. Mom El is 30 years old and the mother of three children who are all attending the local school. Her husband, Mr. Soeurn Soem, is a firewood collector who goes to the forest and gathers firewood to sell for an income.

This is a village bank loan consisting of mainly end-of-term loans. Five members have end-of-term loans and the rest have monthly payment loans. They are not required to pay any principal 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, allowing 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% with 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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