Mrs. Tom Seab Village Bank Group
Mrs. Tom S. is the 50 year old Village Bank president. She is a farmer who owns a plot of land to cultivate rice to earn a living. Her husband, Mr. Hae Sat, is a construction worker. Although they try to work hard, they still earn less income than needed to support their household. In order to improve their living, she decided to ask for a loan to purchase a sewing machine to start a new business to earn more income. She has two children who are enrolled in the local school.
Four members in this group have 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 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 many months before the end of their loan terms. 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