Mr. Yon Mouk Village Bank Group
Mr. Yon M. and his wife, Mrs. Yon Savon are farmers who own a plot of land to cultivate rice. On this plantation, they earn very little rice revenue to supP. their family members. To improve their standard of living, Mr. Yon M. is asking for a loan to buy piglets to start a pig breeding business. He hopes to increase his income and improve their living conditions.
Three members in this group have loans that are end-of-term loans and the rest have monthly payment loans. They 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 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 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 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