Mrs. Sam Ann Yem Village Bank Group

Twenty-three people living in Srey Snom village in Kandal province comprise this village bank loan, and they will use the loan for various purposes.

Mrs. Sam Ann Yem, the 37-year-old village bank president, is a farmer who owns a plot of land to cultivate rice. On this plantation, she faces a problem because she does not have enough money to hire laborers to harvest rice on her field. She has decided to ask for a loan for this purpose.

Her husband, Mr. Phan Vy, is a farmer who helps her. Mrs. Sam Ann Yem has four children, one of whom is employed in a garment factory, while another helps on the plantation and the others are enrolled in the local school.

Nine 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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