A loan of $1,800 helped a member to buy a bicycle for her children drive to work.

Mrs. Surn Oum Village Bank Group's story

Nineteen people living in Kab Leav village in Kandal province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Surn O. is a forty-one-year-old village bank president. She is a farmer who owns a small piece of land and cultivates rice to earn a living. Her husband, Mr. Ros Torn, is a commune chief who has a small salary. This couple has three children, two of whom are attending the local school. The youngest one is too young to work or study. Mrs. Surn O. is requesting a loan to buy a bicycle for her children drive to work.

Fifteen members in this group 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 it is the most beneficial to Cambodia’s poor. It allows them 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.

In this group: Surn, Sokly, Layheak, Laypin, Ley, Thun, Re, Thy, Touch, Srey Aun, Thou, Yat, Som, Srey Lin, Shimorn, Lai Heang, Soen, Srey Mom, Soy

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