Mrs. Savy Yen Village Bank Group

Seventeen people living in Andoung Pour village in Kampong Cham province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Savy Yen, the 39-year-old village bank president, is a grocer who owns a small grocery store. Since her business is going well, she wants to expand it by purchasing more goods to earn more profits. Her husband, Mr. Em Chan, is a construction worker. Mrs. Savy Yen has five children, two of whom are employed in garment factory while the others two are attending the local school and the youngest one is too young to work or study.

Two 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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