Mrs. Saroeurn Chev Village Bank Group

Thirteen people living in Tang Kley village in Kampong Chhnang province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Saroeurn Chev, the 47-year-old village bank president, is a firewood seller. Her husband, Mr. Rol Phat, is a farmer who owns a plot of land to cultivate rice. Even though they try do work hard, they still earn inadequate income to support their family. In order to improve their living conditions, Mrs. Saroeurn Chev decided to ask for a loan to buy a cow for breeding. She has five children, two of whom are employed in a garment factory while two are enrolled in the local school and the youngest one is too young to work or study.

Seven members in this group loans are 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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