A loan of $1,700 helped a member to add to her savings to buy timbers for building a house.

Mrs. Rorn Nhin Village Bank Group's story

The village bank, which consists of fifteen members, is located in Trapeang L. village in Takeo province. The members plan to use the loan which they obtained for different purposes.

Mrs. Rorn N. is the village bank president who has been selected by the members. She is a farmer who owns a small piece of land to cultivate rice. Her husband, Mr. Naem Roun, is a construction worker. Although they try to work hard they still earn too little income to provide a better house for their family. Thus, Mrs. Rorn N. decided to ask for a loan to add to her savings to buy timbers to build the house. She is 40 years old and the mother of six children, two of whom are employed in a garment factory while the others are attending the local school.

All the members in this group loan have end-of-term loans so 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 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 their payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK, Kiva's partner, has a delinquency rate of only 0.09% and a default rate of 0% on Kiva.

In this group: Rorn, Srey, Tha, Rin, Touch, Khum, Thoeun, Thorn, Rav, Tim, Neng, Chan, Ya, Phall, Pov

Loan details

Lenders and lending teams

Loan details