Mrs. Ros Na Village Bank Group
Mrs. Ros N. is 51 years old and the mother of four children, one of whom is a farmer while two others own a small grocery store in the local market. The youngest one is attending school.
Two men among the three in the photo came to take the loan instead of their wives because they are busy with their work. Mrs. Thuoch C. is the group guarantee and has not asked for a loan, but she is also presented in the picture. The boy who is standing at the back of the photo is one member's sibling.
This is a village bank loan consisting of mainly end-of-term loans. Twelve members have end-of-term loans and the rest have monthly payment loans. These twelve members 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 they are 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 AMKAngkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.
This is a Group Loan
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Success!! The loan was 100% repaid