A loan of $1,625 helped a member to buy fertilizer and pesticides for her mango farm.

Mrs. Bunthy Sok Village Bank Group's story

Fourteen people living in Thma Kor village in Kandal province comprise this village bank loan, and they will use the loan for various purpose. Mrs. Bunthy S. is the 50- year-old village bank president. She is a farmer who owns a piece of land to grow mangoes. Now she has an obstacle because her field is infertile and has suffered insect damage. Thus, she decided to ask for a loan to buy fertilizer and pesticides to enable her mangoe production to be better. She hopes to increase her income and production. Her husband, Mr. Nouv Sam Oul, is a teacher in the local school. They have a child who is employed in a garment factory. All of them are presented in the picture but some of them are blocked.

Six members in this group have end-of-term (EoT) loans, and the rest have monthly payment loans. The members with EoT loans are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. EoT loans allow 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: Bunthy, Sophy, Nheob, Sakk, Aun, Chanthoeun, Sareth, Ngaet, Tharorth, Ravy, Kheam, Huon, Rum, Naly

Loan details

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Loan details