A loan of $2,400 helped a member to buy a boat for her husband’s fishing.

Mrs. Leang Chhum Village Bank Group's story

The village bank, which consists of twenty-two members, is located in Preak Ta Kaev village in the province of Kandal. The members plan to use the loan for different purposes. Mrs. Leang C., who has been selected by the members as the village bank president, is a fish seller in the local market. Her husband, Mr. Kheng Huot, is a fisherman. Since his business is going well, he wants to expand it. Thus, Mrs. Leang C. decided to ask for a loan to buy a boat for her husband’s fishing. This couple has three children; two are employed in a garment factoR., while the other is a fisherman who helps with his father’s work.

Twenty one members in this group have end-of-term loans, and the rest have monthly payment loans. Those with end-of-term loans are not required to pay any principal on the loan until the veR. 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 thE. to repay portions of the principal whenever they are financially able to do so. 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 a default rate of 0% on Kiva.

In this group: Leang, Neang, Soeung, Sokharn, Samoeurn, Thy, Sreiheourn, Pin, Sinan, Srey, Samorn, Sophy, Im, Srey, Houy, Rotha, Theary, Vanna, Sabda, Savorn, Leam, Sok

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