A loan of $1,425 helped a member to purchase grocery store goods for resale.

Mrs. Sokha Sout Village Bank Group's story

Thirteen people livI. in Tuol Kdei village in Kandal province comprise this village bank group loan, and they will use the loan for various purpose. Mrs. Sokha S. is a 46-year-old village bank group president. She is a grocer who owns a grocery store. Since her business is doI. well, she wants to expand it by purchasI. more grocery goods to resell to earn more profits. Her husband, Mr. Chhorn Sarorn, is a farmer who owns a piece of land to cultivate both rice and vegetables. The couple has five children, one of whom is employed in a garment factory, while three are attendI. the local school and the youngest one is too young to work or study.

Four members in this group loan are End-of-Term loans and the rest have monthly payment loans. They 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: Sokha, Ol, Sroy, Kry, Sophea, Sohk Menh, Hort, Sorn, Laor, Sokha, Tom, Mao, Sam Art

Loan details

Lenders and lending teams

Loan details