A loan of $2,925 helped a member to buy fertilizer.

Mrs. Pheon Phan's Village Bank Group's story

Mrs. P. P. is the president of the village bank in Anhchanh Village in Kandal Province. This village bank has 22 members who are requesting a loan. Mrs. P. P. is a cow breeder who has four cows and a farmer who cultivates rice on her 1.5-hectares field. Her plantation is not very fertile, so Mrs. P. P. decided to ask for a loan to buy fertilizer for her field in order to make her crop more productive. Mrs. P. P. is a 58-year-old widow with five children, four of whom are employed in a garment factory while the youngest one is attending the local school.

Two members in this village bank have end-of-term (EoT) loans and the rest have monthly payment loans. The end-of-term loan members are not required to pay any principal on the loan until the very end of the loan term. End-of-term loans are AMK's main product because they are the most beneficial loans for Cambodia's poor. EoT loans allow people 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 percent and AMK has a default rate of 0 percent on Kiva.

In this group: Pheon, Soer, Soun, Bon, Tom, Tom, Sam, Hour, But, Doen, Mon, Doen, Pheon, Chheang, Yong, Ya, Ket, Von, Chum, Khem, Ouk, Ti

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