Mrs. Sok Ny Tum Village Bank Group

This village bank, which consists of ten members, is located in Prey Khmer village in the Kampong Chhnang province. The loan which they obtain will be used for different purposes. Mrs. Sok Ny Tum is the village bank president who has been selected by the members. She sells clothing in the local market. Since her business is doing well, she wants to expand it by purchasing more clothes to resell and earn more profits. Her husband, Mr. Um Kea, is a jeweler. Mrs. Sok Ny Tum is 35 years old and the mother of three children who are all attending the local school.

Six 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. 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