Mrs. Savoeurn Saroeurn Village Bank Group
Although Mrs. Savoeurn S.'s family members have different businesses, they still live in poor conditions. In order to improve her standard of living, Mrs. Savoeurn S. has decided to ask for a loan to buy piglets to start a new breeding pig business. She hopes to increase her income and improve her living conditions with this loan. Mrs. Hourn S. was not able to provide a photo of herself so her husband is pictured instead.
This is a village bank loan consisting of mainly end-of-term loans. Four members have end-of-term loans and the rest have monthly payment loans. These 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 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.
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