A loan of $3,825 helped a member to buy more ingredients for making Khmer noodles.

Mrs. Pouy Shum Village Bank Loan Group's story

This village bank, which consists of twenty-four people, is located in Daem Rues village in Kandal province. They will each use the loan for a different purpose.

Mrs. Pouy S. is the village bank president who has been selected by the members. She is a farmer who is also a Khmer noodle seller in the local village. Since this business is going wE., she wants to expand it so she decided to ask for a loan to buy more ingredients to make Khmer noodles to sE. to earn more profit. She is a widow with three children, two of whom are employed in a garment factory while the youngest one is a laborer in a rice mill.

Two members in this village bank have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any princiP. on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. EoT loans allow them to repay portions of the princiP. whenever they are financially able to. Most clients start to make their 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 a default rate of 0% on Kiva.

In this group: Pouy, Vanneth, Rann, Yeth, Run, Sopheak, Sophakdey, Mach, Chhoun, Savon, Sareth, Sokhom, Sareth, Ren, Chheng, Sokung, Hory, Saron, Vannak, Thy, Khoen, Shithorn, Sokhoeun, Chi One

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