A loan of $3,550 helped a member to buy more vegetables to re-sell and an ice-cream box to conduct a new business.

Mrs. Sokun Chan Village Bank Group's story

Twenty people who live in Chrouy Slaeng village in Takeo province make up this village bank loan, and they will use the loan for different purposes. Mrs. Sokun C. is the village bank president who has been selected by the members. She is a vegetable seller in the local market. Since this business is going well, she wants to expand it so she decided to ask for a loan to buy more vegetables to re-sell. She plans to use the rest of the loan to buy an ice-creA. box to conduct a new business. Her husband, Mr. Yang T., is a construction worK. who can make only a meager income to support the family. Mrs. Sokun C. has two children; one is attending the local school, while the other stays at home and helps her in the current business.

Five members in this group loans have end-of-term loans 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 thE. 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: Sokun, Thou, Sam Oeurn, Phea, Channy, Sarin, Pov, Vorn*, Pov, Chanthy, Seng*, Yon, Nhy, Khun, Koem Huoy, Moeurn*, Vin, Srey, Sabath*, Soban

Loan details

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Loan details