A loan of $1,500 helped a member to purchase vegetable seeds to grow in her field.


Mrs Yorn Thorn's Village Bank Group's story

Fifteen people in Kshach Village in Kandal Province formed this village bank. They will use the loan for different purposes. Mrs Yorn T. is the village bank president who has been selected by the members. Mrs Yorn T. is 51 years old and the mother of a child who is attending the local school. She has a plot of land to cultivate vegetable and she now faces a problem because she does not have enough money to purchase vegetable seeds to grow on her field. Thus, Mrs Yorn T. is requesting a loan to deal with this purpose. Her husband, Mr Suon San, is a bodyguard in one hotel in Phnom Penh city, Cambodia. He can make around $42 per month which is little income to support his family.

This is a village bank loan consisting mainly of end-of-term loans. Eight members have end-of-term loans and the rest have monthly payment loans. Those members receiving end-of-term loans 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: Yorn, Yuth, Lay, Sam, Sam, Art, Yut, Khut, Sakhorn, Un, Horn, Tep, Try, Savet, Pao
*not pictured



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Loan details