Mr. Boy Uk Village Bank Group

Eleven people from Tuol Tbaeng village in Takeo Province have grouped themselves for a village bank loan and Mr. Boy Uk is the village bank president. He is a bicycle repairman. His wife, Mrs. Heng Sothea, is a fish breeder. Since her business is going well, she wants to expand it and Mr. Boy Uk decided to ask for a loan for his wife to buy fish for her breeding business. He hopes that her business will increase their income and provide a better life for their family. He is 25 years old and a father of a child who is still too young to work or study. Mr. Boy Uk did not come to take the loan, so his wife appears in the group picture in his stead.

This is a group loan consisting of mainly end-of-term loans. Four members have end-of-term loans and the rest of 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. This loan is the most beneficial to Cambodia’s poor because 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 client make their payments on time.




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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