Mrs. Phally Eang Village Bank Group
Her husband, Mr.Cheng Dy, is a famer who owns a 1.5-hectare plot of land and cultivates rice to earn a living. In addition to his farm, he is a driver who earns a small income to support the family. Mrs. Phally E. is 41 years old and the mother of four children who attend the local school.
This is a village bank loan consisting of mainly end-of-term (EoT) loans. Five members have end-of-term loans and the rest have monthly payment loans. They are 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 it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financially able. 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