Mr. Yong Paen Village Bank Group

Sixteen people, who all live in Chreaek Village in Kampong Cham Province, make up the village bank loan. They will use the loans they obtain for different purposes. Mr. Yong Paen is a village bank president and a fisherman. His catch of fish is now little because he has insufficient fishing tools. In order to increase his catch of fish, he has decided to ask for a loan to buy more fishnets and fish lines. He hopes to catch more fish with better fishing tools. His wife, Mrs. Cheam Dam, is a housewife who cooks delicious food for her family. Mr. Yong Paen is 57 years old and the father of four children, one of whom is a sculptor while another one helps him with the family fishing business. The remaining two children attend the local school.

All loans made through this village bank loan are end-of-term loans so recipients 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

Subscribe