Funded

Total loan: $1,275
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Mrs. Ry Sokchea Village Bank Group

Cambodia
Cambodia / Grocery Store

A loan of $1,275 helped a member to buy more grocery products to meet customer demand.


Mrs. Ry Sokchea Village Bank Group's story

The Village Bank loan consists of ten members living in Preak Samraong Village in Kandal Province, and all plan to use the loan for a variety of purposes. For example, Mrs. Ry S., the 24-year-old Village Bank President and mother of a three-year-old, owns a small but successful grocery store. She is requesting a loan to buy more grocery products to meet her customers’ needs. Ry is assisted in this business by her husband, Mr. Yom Vannith.

This is a village bank loan consisting mainL. of end-of-term loans. Three members have end-of-term loans and the rest have monthL. 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 they are the most beneficial to Cambodia's poor, allowing them to repay portions of the principal whenever they are financialL. 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 onL. 0.09% and AMK has a default rate of 0% on Kiva.

In this group: Ry, Sam, Sok, Meas, Long*, Seng, Soth, Em, Bin, Khat
*not pictured



Loan details

Loan length:

14 months
Disbursed date: October 9, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: October 9, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)