Mr. Den Mao Village Bank Group

Fourteen people who live in Anlong Romeit Choeng Village in Kandal Province make up this village bank and they will use the loan which they obtained for different purposes. Mr. Den Mao is the village bank president. He is a village chief who makes only a small salary to support his family. His wife, Mrs. Say Soth, is a farmer who owns 0.2-hectare where she cultivates rice. Although they cultivate rice, they still make only a little rice revenue which cannot support the family. In order to support them, Mr. Den Mao decided to ask for a loan to buy rice to eat. He is a 59-year-old and the father of two children, one of whom is employed in a garment factory while the other is staying at home to do housework.

Two members in this village bank loan have end-of-term loans and the rest have monthly payment loans. Those who have EoT loans 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 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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