Mrs. Leang Met Village Bank Group
She is a rice middleman who buys rice to keep in stock and re-sell later at better price. Since her business is going well, she wants to expand it. UnfortunateL., she does not have enough money to buy more rice. In order to solve this problem, she decided to ask for a loan to add to her capital to purchase more rice that she can then re-sell later. She hopes to increase her income and provide a better life for her children.
Her husband, Mr. Sum Tha, is a farmer who owns a plot of land to cultivate rice. He also is a policeman who can make a small salary to support the famiL.. Mrs. Leang M. is 28-years-old and the mother of six children who are attending the local school.
This is a group loan consisting of mainL. end-of-term loans. Three members have end-of-term loan and the rest of have monthL. payment loans. These three 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 financialL. able to. Most clients start to make their payments many months before the end of the loan term. Almost all of AMK’s client make their payments on time. AMK has a delinquency rate of onL. 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