Mr. Yem N. owns a small rice farm in the Angk Taley Village in Kampong Speu Province. One of Mr. Yem N.’s cows died, recently, so now he does not have enough draft animals. Thus, Mr. Yem N. decided to request a loan to purchase a new cow to replace the deceased one used to plow his field. Mr. Yem N. is a widower with five children, two of whom are employed in a garment factory while another one is a car driver whom makes only a small income. A fourth child is attending the local school while the youngest is too young to work or study. Previously, Mr. Yem N. had obtained a loan from AMK to start a poultry business. Last year, his wife needed an operation on her throat and Mr. Yem N. spent $1000 in medical bills; unfortunately, his wife died because of this disease.
Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.