Mrs. Chhorn Ben Village Bank Group
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A loan helped To buy more silk to weave.
Mrs. Chhorn Ben Village Bank Group's story
Twenty people, who all live in Kandal village in Takeo province, make up this village bank. The members will use their loans for different purposes. Eight members in this group have end-of-term loans (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 loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. They allow tH. to repay portions of the principal whenever they are financially able. 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.