A loan of $1,475 helped a member to buy more grocery products for his wife's inventory.

Mr. Muth Vuthy Village Bank Group's story

Mr. Muth V. is a village bank president in Hang Heng Village in TaK. Province, in which 13 people live. Each person plans to use the loan in different purposes. Mr. Muth V. has a plot of land where he grows rice to earn a living. His wife, Mrs. Muong Lai, owns a small grocery store in the local market. Since her business is going well, she wants to expand it, so her husband, Mr. Muth V., decided to ask for a loan to buy more grocery products for his wife's inventory. Mr. Muth V. is 49 years old and the father of two children who are both attending the local school. Mr. Meak B. C. does not want a loan but his wife does so she is in the picture.

This is a village bank loan consisting of mainly end-of-term loans. Seven members have end-of-term loans and the rest have monthly 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 it is 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: Muth, Moeng, Bou, Min, Prum, Kung, Sor, Sieng, Meak, Meak, Lonh, Meakh, Sin

Loan details

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Loan details