A loan of $1,750 helped a member to buy more firewood to re-sell to the customers.

Mrs. Chea Hob's Village Loan Group's story

This Village Bank [solidarity group] consists of 16 people located in Sre S. Village in Kampong Chhnang Province. They plan to use the loan for different purposes. Mrs. Chea H. is the village bank president, and is a farmer who owns a plot of land where she cultivates rice to earn a living. Her husband, Mr. Kem Phang, is a cow breeder and firewood seller. As the second business is going well, he wants to expand it; so his wife decided to ask for a loan to buy more firewood to re-sell the customers. Mrs. Chea H. hopes to increase their income and improve their living conditions. She is 36 years old and the mother of three children. Two of them are attending the local school, while the youngest one is too young to work or study.

Mrs. Leng N. and Mrs. Sam S. did not come to receive their loans, but their husbands did and so are presented in the picture.

This is a village bank loan consisting mainly of end-of-term loans. Nine members have end-of-term loans, and the rest have monthly payment loans. Group 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 do so. 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 [Kiva’s Field Partner] has a delinquency rate of only 0.09% and has a default rate of 0% on Kiva.

In this group: Chea, Touch, Sim, Nou, Touch, Leng, Tieng, Sam, Kheiv, Non, Chim, Choem, Nem, Nget, Burk, Sorn

Loan details

Lenders and lending teams

Loan details