Mrs. Pao Soun Village Bank Group
Mrs. Pao S. is 35 years old and the mother of six children, all attending the local school. The two M. in the picture are there in place of their wives.
This is a village bank loan consisting of 16 end-of-term loans and 5 monthly payment loans. The former are not required to pay any principal on the loan until the very end of the term. End-of-term (EoT) loans are AMK’s main product because they are the most beneficial to Cambodia’s poor, allowing 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 a default rate of 0% with 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