Mrs. Chan Ngel Village Bank Group

Mrs. Chan Ngel is 28 years old and is the mother of four children; three are attending the local school and the other is too young to work or study. She is also a farmer and owns a plot of land to cultivate rice. Her husband, Mr. Pheim Oun is a motor taxi driver. Mrs. Chan Ngel is requesting a loan to buy timbers to build a house for her family to live in.

One member in this group has a loan that is an end-of-term loan 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