A loan of $1,200 helped a member to ask for a loan to combine with his saving to build a house that will replace the old one.

Mrs. Binn Ravy Village Bank Group's story

This village bank consists of eight members who all live in Ta Kret village in Kampong Cham province. Mr. Binn R. is the village bank president. He is a security guard who makes a small salary to support his family. His wife, Mrs. Nov Sok Hean, is a housewife who cooks delicious food for her family. Since Mr. Binn R.'s family lives in an old house and poor conditions, he now wants to build a new house for his household so he decided to ask for a loan that he will combine with his savings to build a house to replace the old one. Mr. Binn R. has one child who is too young to work or study because that child is only two years old.

This village bank loan is an end-of-term loan where all the 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 they are 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: Binn, Uk, Breong, Touch, Chhoem, Khem, Ath, Chheung
*not pictured

Loan details

Lenders and lending teams

Loan details