A loan of $1,125 helped a member to buy a new boat.

Mrs. Sam Sambath Village Group's story

FourteE. people in Chrolong Village in Kampong Chhnang Province have formed a village bank, and are asking for a loan which they will use for different purposes. Mrs. Sam S. is the village bank president and she breeds cows. Her husband, Mr. Yean Saly, is a fisherman in the local lake. Unfortunately, he can no longer fish because his boat is too old. In order to restart this business, his wife, Mrs. Sam S. decided to ask for a loan for a new boat for her husband's business. Mrs. Sam S. is 39 years old and the mother of six childrE., one of whom is employed in a garment factory while another one is a fisherman. The other three attend school, while the youngest one is only four years old. Mrs. Sam S. was too busy with her work, so her husband is shown in the photo.

This is a village bank loan consisting of mainly end-of-term loans. Twelve 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 repay. 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: Sam, Choem, Nu, Laos, Him, Chem, Mang, Yi, Kheng, Vann, Phal, Tea, Chean, Sum

Loan details

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Loan details