A loan of $1,625 helped a member to buy a cow for breeding to earn more income for her family.

Mrs. Sieb Meas Village Bank Group's story

The Village Bank, which consists of fourteen members, is located in Romon village in Takeo province, Cambodia. They plan to use the loan, which they obtained, for different purposes. Mrs. Sieb M. is the village bank president. She was selected by the group members. She is a farmer and she owns a small piece of land to cultivate rice. Her husband, Mr. Em Phalla, is a motor taxi driver. Aside from this work, he is a palm juice collector. Mrs. Sieb M. is requesting a loan to buy a cow, for breeding, to earn more income for her family. She is 34 years old and the mother of two children, one of whom is enrolled in the local school while the youngest one is too young to work or study.

Eight members in this group have loans that are 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: Sieb, Saron, Sarin, Suon, Sokhom, Pol, Sarann, Morn, Savy, Phally, Savorn, Kan, Sopheap, Sarun

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Loan details