A loan of $1,975 helped a member to buy fertilizers in order to make fields more productive.

Mrs. Oin Ly Village Bank Group's story

Nineteen people, all of whom live in Cheung Voat Village in Kampong Cham Province, have formed a village bank. Mrs. Oin L. is the village bank president. She is a farmer who cultivates her crops twice a year. In the rainy season, Mrs. Oin L. grows rice, and in the dR. season she grows vegetables. PresentL., however, she faces a small problem in her field, as she needs fertilizer, which is quite expensive. To deal with this problem, Mrs. Oin L. is asking for a loan to buy fertilizers in order to make her fields more productive. Her husband, Mr. Kol Min, helps his wife in their rice plantation. They have two children, both of whom are construction workers who contribute to their famiL.'s small income.

This is a village bank loan consisting of mainL. end-of-term loans. Twelve members have end-of-term loans and the rest have monthL. payment loans. End-of-term (EoT) loans are AMK's main product because they are the most beneficial to Cambodia's poor. This type of loan allows them to repay portions of the principal whenever they are financialL. able to do so. These members are not required to pay any principal on the loan until the veR. end of the loan term, but 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 loans.

In this group: Oin, Sok, Man, Chuong, Mao, Yath, Chhin, Pok, Nun, Ny, Met, Morn, Duch, Kheoun, Chek, Ath, Chhuon, Eng, Unn

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