Mrs. Nen Nov Village Bank Group

This village bank loan is made up of ten people living in Pech Entrea village in Kampong Chhnang province in Cambodia. They will use the loan for different purposes. Mrs. Nen Nov is 47 years old and the village bank president. She is a farmer who owns a small piece of land on which she cultivates rice. Her husband, Mr. Uk Tab, is a construction worker and cow breeder. Since his business is doing well, he wants to expand it. Thus, Mrs. Nen Nov has decided to ask for a loan to buy another cow to breed and earn more income. The couple has two children, one of whom is a construction worker while the other is employed in a garment factory.

Four 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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