Mrs. Im Ry Village Bank Group

Twenty people who live in Preak Treing village in Kandal province formed the village bank. They will use the loan for a variety of purposes. Mrs. Im Ry owns a small grocery store in the local village. Since her business is going well, she wants to expand it so she decided to ask for the loan to buy more grocery products for her inventory. Her husband, Mr. Ruos Choeun, owns a rice mill that has been hired by a villager. Mrs. Im Ry is 30-year-old and the mother of two children, one of whom is attending the local school while the other is too young to work or study.

Four members in this group 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 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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