A loan of $1,125 helped a member to ask for a loan to buy more firewood to re-sell.

Mrs. Chhak Nam Village Bank Group's story

This bank of 14 members is located in Thmey Khmer Village in Kampong Chhnang Province. Mrs. Chhak N. is the village bank president. This is the second time she has to asked for a loan to improve her business activity. Mrs. Chhak N. is a farmer who cultivates two times a year and her husband, Mr. Duong Tork, is a cow and chicken breeder. Aside from this business, he sells firewood. Since his second business is going well, he wants to expand it so his wife, Mrs. Chhak N. decided to ask for a loan to buy more firewood to re-sell. Mrs. Chhak N. is 35 years old and the mother of four children who all currently attend school.

This is a village bank loan consisting of mainly end-of-term loans. Eleven members have end-of-term loans and the rest have monthly payment loans. These members 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 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: Chhak, Cheok, Heng, Oeum, Phy, Em, Nom, Phy, Suon, Bu, Khen, Chuon, Sun, Khen

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Loan details