A loan of $1,575 helped a member to buy piglets to start a new pig breeding business.


Mrs. Kean Ol Village Bank Group's story

Thirteen people, all of whom live in Cheung Voat Village in Kampong Cham Province, have formed a village bank. Mrs. Kean O. is the village bank president. She is a 40-year-old widow with four children: two of whom are employed in a garment factory, while the remaining two attend the local schoO.. Kean is a cow breeder, but she also owns one pig. Although her family works hard in different businesses, they still live in poor conditions. As such, Mrs. Kean O. is requesting a loan to buy piglets to start a new pig breeding business. She hopes to increase her income and live in better conditions with this new loan.

This is a village bank loan consisting mainly of end-of-term loans. Four members have end-of-term loans, and the rest have monthly 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 financially able to do so. These members are not required to pay any principal on the loan until the very 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 only 0.09%, and AMK has a 0% default rate on Kiva loans.

In this group: Kean, An, Phion, Yoem, Oin, Kean, Lim, Chin, Chi, Im, Horn, Phion, Lun
*not pictured



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Loan details