Mrs. Sareth Mang Village Bank Group
Mrs. Sareth Mang Village Bank Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy rice seeds.
Mrs. Sareth Mang Village Bank Group's story
Sareth is the 53 year-old mother of five children, three of whom are employed in different business activities while the others are attending the local school. Her husband, Mr. Keo Phal, is a village chief who makes a small salary that helps to support the household.
This is a village bank loan consisting of mainly end-of-term loans. Three members 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 they are the most beneficial to Cambodia’s poor, allowing 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% with Kiva.