Mrs. Chanthol Kun Village Bank Group
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A loan helped To hire laborers to harvest her rice field.
Mrs. Chanthol Kun Village Bank Group's story
This is a village bank loan consisting of mainly end-of-term loans. Five members have end-of-term loans and the rest have monthly payment loans. Group members 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 do so. 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 (Kiva's Field Partner) has a delinquency rate of only 0.09%, and a default rate of 0% on Kiva.