A loan of $1,250 helped a member to buy bamboo to tie to the palm trees to climb up to gather juice.

Mrs. Vy Khuth Village Bank Group's story

This village bank loan group consists of nine people and is located in Trea Village in Kampong Chhnang Province. All the members will use the loan which they have obtained for different purposes. Mrs. Vy K. is the village bank president. She is a farmer who owns a small piece of land where she cultivates rice to earn her living. Her husband, Mr. C. Chit, is a palm juice collector who gathers juice to process into palm sugar and palm wine. In this business, he now faces a problem because he does not have enough equipment. Thus, Mrs. Vy K. decided to ask for a loan to buy bamboo to tie to the palm trees in order to climb up to gather juice. Mrs. Vy K. is 50 years old and the mother of four children, two of whom are construction workers while the remaining two are attending the local school.

One member in this village bank loan is an end-of-term borrower and the rest have monthly payment loans. The EoT borrower is 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 sT. 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.

In this group: Vy, Sem, Khet, Ho, Thea, Tha, Samet, Sok Tey, Sonanara

Loan details

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Loan details