A loan of $3,000 helped a member to buy grocery products to sell and fertilizer.

Mrs. Vanna Nob Village Bank Loan Group's story

Mrs. Vanna N. owns a small restaurant. She is also a farmer who owns a small piece of land to cultivate rice. Her husband, Mr. M. Touch, is an administrator in the garment factory. Mrs. Vanna N. is 48 years old and the mother of five children: two of them are employed in a garment factory, while another is a beautician and the others are attending the local school. Now she is requesting a loan to buy grocery products to sell and fertilizer for the rice field.

Mrs. Vanna N. is the village bank president who has been selected by the members. Eighteen people, who are all living in Kdol village in Takeo province, make up this village bank loan. They will each use the loan for different purposes. All of the members are in the photo (some of them are blocked by others).

Five members in this group loan have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any principal 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 principal whenever they are financially able. 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: Vanna, Huch, Sophear, Kim Hong, Kim Han, Chan Thol, Bun Sim, Sam Oeun, Sovann, Srey, Lai, Sokha, Khorn, Song, Vattei, Munny, Hoeurn, Tola

Loan details

Lenders and lending teams

Loan details