A loan of $2,325 helped a member to buy piglets to start a pig breeding business.

Mrs. Din Chin Village Bank Group's story

Twenty-two people living in Khnach Khang Tboung village in Takeo province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Din C. is 27-year-old and the village bank president. She is a farmer who owns a small plot of land to cultivate rice. Her husband, Mr. Rous Ry, is a construction worker. Although this couple tries to work hard, they still earn little income to support their family. In order to improve their living situation, Mrs. Din C. decided to request a loan to buy piglets to start a pig breeding business. She has three children, one of whom is attending the local school, while the others are too young to work or study. Mrs. Sok Kea C., Mrs. Saim M., and Mrs. Sok K. do not come to take a loan but their husband are, so their husband are presented in the picture instead.

Seventeen members in this loan group have end-of-term loans, and the rest have monthly payment loans. They are not required to pay any principle 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 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: Din, Sarin, Tith, Sitha, Ngann, Oeurn, Sarorn, Noeun, Sok Kea, Pha, Kung, Sok, Vannav, Ol, Marin, Aun, Saem, Sopheang, Vun, Saim, Sok, Sim

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