A loan of $2,475 helped a member to buy fertilizer to make the crop more productive.

Mrs. Chek Pat Village Bank Group's story

The Village Bank Group consists of seventeen people who live in Chroung Sdau village in Takeo province. Mrs. Chek P. was selected the President of the group by its members. She is a good cook, hired by the villagers during wedding ceremonies and parties. Her husband, Mr. Yim Phorn, is a farmer who owns a 1-hectar field on which he cultivates rice. This field has infertile soil which is a challenge, because it affects his crop production. Fertilizer would help make the field more productive. Mrs. Chek P. decided to ask for a loan to buy the fertilizer. She is 37 years old and the mother of four children, one of whom is a waiter, two are enrolled in the local school and the youngest is too young to work or study.

Seven members in this group have end-of-term loans. They are not required to pay any principal on the loan until the very end of the loan term. The other group members have monthly payment loans. 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: Chek, Channy, Rem, Kim, Vanna, Koem Sreang, Seak Heng, Srurn, Sophea, Kim Surn, Son, Koem Chhurn, Chann, Ya, Lurn, Sary, Sok Leang

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