A loan of $2,400 helped a member to purchase more grocery products to expand her inventory.

Mrs. San Kunthea's Village Bank Group's story

The Village Bank president for this group is Mrs. San K. who has been selected by twenty members in Koh Kaev Kraom Village in Kandal Province. She is currently in the business of selling grocery items and she is now requesting a loan to purchase more grocery products to expand her inventory while her business is going well.

Mrs. San K. is 29 years old and she is married to Mr. Huon Heat who is a farmer. She has two children, one of whom is attending the local school while the younger one is too young to work or study because that child is only four years old.

Each week, Mrs. San K. makes approximately US$ 35 in income and with the extra income from this loan she hopes to be able to meet the needs of the family and improve their living conditions. The two men shown in the picture came to take a loan instead of their wives because their wives were busy with their work. All the members are shown in the picture except one who is blocked.

This is a village bank loan consisting of a number of 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: San, Pao, Mok, Pao, Vorn, Chroeng, Vy, Chhit, Ben, Ben, Mao, Vong, Mao, Kea, Chem, Lorn, Sorn, Kung, Chem, Lorn

Loan details

Lenders and lending teams

Loan details