A loan of $2,800 helped a member to buy fertilizer and cucumber seeds.

Mrs. Mut Nhaem Village Bank Group's story

This village bank loan, which consists of sixteen people, is located in Roleang Kreul village in Takeo province and all the members will use the loan for different purposes. Mrs. M. N. is the village bank president who has been selected by the members.

Mrs. M. N. is farmer who owns a small piece of land on which she cultivates vegetables for a living. In the plantation, she now faces a problem because her field is not fertile, so she decided to ask for a loan to buy more fertilizer to support the field. She will use the rest of the loan to buy cucumber seeds to grow. Her husband, Mr. Yos Hean, helps her on the farm. Mrs. M. N. does not have any children to help her.

Three members in this group loan have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. EoT loans allow them to repay portions of the principal whenever they are financially able to. Most clients start to make their 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 a default rate of 0% on Kiva.

In this group: Mut, Pov, Lina, Pov, Ith, Thol, Srey Neang, Sok, Sok Kea, Chek, Yat, Aun, Morn, Sok, Sophea, Pouch

Loan details

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Loan details