Mrs. Cheng Khieng Suo Village Bank Group

Mrs. Cheng Khieng Suo faces a problem because her house is old and she does not have enough money to rebuild the house. Thus, she has decided to request a loan to add to her savings to hire construction workers to build a new house where her family can live in better conditions. She is 58 years old and the mother of a child who drives a motorbike taxi.

This is a group loan consisting of mainly end-of-term loans. Twelve members have end-of-term loan 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 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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