Mrs. Sreymom Suong Village Bank Group

The village bank loan, which consists of twenty two people, is located in Rom Lech Village in Kampong Cham Province. All the members in this village bank will use the loan which they obtain for different purposes.

Mrs. Sreymom Suong is a village bank president. She is a farmer who owns a 1-hectare field for cultivating rice for a living. Since her field is far from irrigation, it is difficult to generate water for her field. So, she decided to ask for a loan to purchase fuel to support her pump to water her field and make her crop more productive. Her husband, Mr. Touch Hao, is a village chef who makes a small salary to help support the household.

Mrs. Sreymom Suong is 48 years old and the mother of five children; one of whom is a car repairer, while another one helps their mother on rice field. The remaining three are attending the local school.

All the members are shown in the picture but two are partially blocked from view.

This is a village bank loan consisting of mainly end-of-term loans. Seven members have end-of-term loans and the rest have monthly payment loans. These seven 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 they are 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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