Click here to make a MATCHED loan today!
Mr. Yong Paen Village Bank Group
Mr. Yong Paen 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 ask for a loan to buy more fishnets and fish lines to catch more fish.
Mr. Yong Paen Village Bank Group's story
All loans made through this village bank loan are end-of-term loans so recipients 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. 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.