A loan of $2,250 helped a member to buy a motorbike for her husband to ride to work.

Mrs. Sovann Phai Village Bank Group's story

Seventeen people who are all in Kandal village in Takeo province make up the village bank loan group, and they will use the loan which they obtained for different purposes. Mrs. Sovann P. is the village bank president, and she is a farmer who owns a small piece of land where she cultivates rice to earn a living. Aside from this planting, she is a silk weaver in the local village.

Her husband, Mr. P. Pheurn, is a construction worker. Since his work place is far from house, Mrs. Sovann P. decided to ask for a loan to buy a motorbike for her husband to ride to work in order to reduce their expenses. Mrs. Sovann P. is 35 years old and the mother of four children, two of whom are attending the local school. The other two are too young to work or study so they stay home.

Mrs. Phen P. did not come to take the loan but her father did, so he is in the picture instead her. He is sitting behind the other villagers.

Eleven members in this group have end-of-term loans and the rest have monthly payment loans. The 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: Sovann, Saveth, Chanthol, Lim, Nhak, Um, Pheng, Saroeun, Seab, Mach, Phal, Savin, Chann, Sarann, Sokhorn, Phen, Toeurn

Loan details

Lenders and lending teams

Loan details