Mrs. Sieng Sok Hai Group
Mrs. Seing S. H. is a silk weaver. She now has a lot of customers who are waiting to buy her products, so she decided to ask for a loan to buy more silk to weave in order to meet her customers’ demand.
Her husband, Mr. Pov Noeurn, is a traditional musician who has been hired to play music at wedding ceremonies. Mrs. Seing S. H. is 26 years old and the mother of a 5-year-old child.
One of the members in this group has an end-of-term (EoT) loan and the rest have monthly payment loans. The member with the EoT loan is not required to pay aN. 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 maN. 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