A loan of $2,650 helped a member to buy fertilizer and hire laborers to work in the rice field, and buy fish to raise.

Mrs. Keom Han Nai Village Bank Group's story

Twenty people who are all living in Tuol Trea village in Takeo province make up this village bank loan. Mrs. Keom Han N. is the village bank president who has been selected by the members. They all will use the loan for different purposes. Mrs. Keom Han N. is a farmer who owns a small piece of land where she cultivaT. rice to earn a living. Her husband, Mr. Orm Vanna, is a construction worker and he also helps his wife with rice farming. For the rice plantation, she decided to ask for a loan to buy fertilizer and hire laborers to work in the rice field. With the rest of the loan, she plans to buy fish to raise as a new business and she will also buy fish food to support this business.

Mrs. Keom Han N. is 28 years old and the mother of two children, one of whom is attending the local school while the younger one is too yoU. to work or study because that child is only four years old. All of the group members are present in the picture but some of them are blocked.

Nineteen members in this group have end-of-term loans and other has a monthly payment loan. 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: Koem Han, Chrorn, Sina, Chenda, Yeim, Sam Oeun, Sophal, Song, Phin, Yan, Phai, Keo, Tha, Vy, Touch, Met, Poun, Souy, Phann, Sokunthea

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Loan details