Mrs. Samlout Chhum Village Bank Group

Eleven people, who all live in Kampong Boeng village in Kampong Chhnang province, make up this village bank (group) loan. All the members will use the loan for different purposes. Mrs. Samlout Chhum is the village bank president who has been selected by the members. She is a fish seller. Because this business is going well, she wants to expand it, so she decided to ask for a loan to buy more fish to re-sell. Her husband, Mr. Hoet Bunheng, is a construction worker who can make a small income to support the family. Mrs. Samlout Chhum is 37 years old and the mother of three children, who are all attending the local school.

All the members in this group loan have end-of-term loans, so they 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 do so. 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 (Kiva's Field Partner) has a delinquency rate of only 0.09% and 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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