Mrs. Phally Eang Village Bank Group

This village bank, which consists of fifteen people, is located in Chumrov Village in Takeo Province. Mrs. Phally Eang was selected by the members to be the village bank president. She is a silk weaver in the local village. Since she now has a lot of consumer demand, she has decided to ask for a loan to buy more silk to process into dresses for her customers.

Her husband, Mr.Cheng Dy, is a famer who owns a 1.5-hectare plot of land and cultivates rice to earn a living. In addition to his farm, he is a driver who earns a small income to support the family. Mrs. Phally Eang is 41 years old and the mother of four children who attend the local school.

This is a village bank loan consisting of mainly end-of-term (EoT) loans. Five members have end-of-term loans and the rest have monthly payment loans. 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. 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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