A loan of $1,975 helped a member to buy wood for her husband to make coal for her to sell.

Mrs. Chroek Phean Village Bank Group's story

Mrs. Chroek P. is the village bank president of the village bank which consists of sixteen people who live in Taing Pon Village in Kampong Chhnang Province. They plan to use the loan for different purposes. Mrs. Chroek P. sells coal in the local village. Aside from this, she breeds cows and is raising two. Her husband, Mr. Sem Tuen, owns a small kiln where he can make coal for his wife to sell. Since this business is going well, he wants to expand it, so Mrs. Chroek P. decided to ask for a loan to buy wood for her husband to make coal. Mrs. Chroek P. is 26 years old and the mother of two children, one of whom is attending school while the youngest one is only three years old. There are three men who are shown in the picture, instead of their wives.

This is a village bank loan consisting of mainly end-of-term loans. Four members have end-of-term loans and the rest have monthly payment loans. These members are not required to pay aN. 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 maN. 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: Chroek, Sok, Tith, Uch, Um, Duch, Keo, Prum, Keo, Chroek, Kil, Tith, Khiev, Pheuk, Prak, Khoem

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