A loan of $4,350 helped a member to buy rice seed, fertilizer, and pesticides to support the rice field.

Mrs. Kung Nhoem Village Bank Group's story

Twenty-nine people living in Ta Reab DoU. S. village in Kandal province comprise this village bank loan group, and they will use their loans for various purposes. Mrs. K. N. is the 48-year-old village bank president. She is a farmer who owns a plot of land where she cultivates both rice and vegetables. In her rice cultivation, she has some problems because she does not have rice seed and her field is infertile which affects her crop. In order to deal with these problems, she decided to ask for a loan to buy rice seed, fertilizer, and pesticides to support the rice field. Her husband, Mr. Sao Chhin, is a fisherman. This couple has five children, two of whom are employed in a garment factory while the others are enrolled in the local school.

One member in this group has an end-of-term loan and the rest have monthly payment loans. EoT borrowers 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 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: Kung, Chhon, Sokhon, Sokunthea, Touch, Noeurn, Vanna, Dy, Ny, Narann, Pheoun, Phany, Pao, Chanveasna, Vannak, Each, Savoeun, Sary, Sam Ang, Sam Oeurn, Chanthan, Kun, Krouy, Reit, Chanra, Kim Srey, Sary, Phearom, Phal

Loan details

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Loan details