A loan of $4,450 helped a member to purchase more dried fish to sell to earn more profits for her family.

Mrs. Phalla Tuon Village Bank Group's story

This village bank loan, which consists of twenty-five people, is located in Kampong village in TaK. province. Mrs. Phalla T. is the village bank president who has been selected by the other members.

Mrs. Phalla T. is 49 years old and the mother of five children, one of whom is employed in a garment factory while the others are enrolled in the local school. Mrs. Phalla T. is a farmer who owns 1.5-hectare (3.75-acre) field of land on which she cultivates rice to earn for living. She is also a dried-fish seller in the local market. Her husband, Mr. Bo Sorn, is a teacher in the local school.

Since her business is doing well, Mrs. Phalla T. wants to expand it by purchasing more dried fish to re-sell to earn more profits for her family.

Two members in this group loan have end-of-term (EoT) loans and the rest have monthly-payment loans. Those 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 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: Phalla, Srey, Srei Pov, Phalkun, Sorn, Nhor*, Sopheap, Sa Moeun, Yoeun, Ret, Chroeb, Koem Ly, Sean, Sampheas, Samy*, Touch*, Son, Yi, Phanny, Sokorn*, Leakena, Ry, Ann, Phalla*, Muon
*not pictured

Loan details

Lenders and lending teams

Loan details