A loan of $1,700 helped a member to help build a house for his family.

Mr. Uong Teng's Village Bank Group's story

This village bank [solidarity group] consists of 15 people and is located in Sre Sa Village in Kampong Chhnang Province. Mr. Uong T. is the village bank president. He owns a small kiln where he can make coal to sell for an income. His wife, Mrs. Doeuk Hon, has a plot of land to cultivate rice. Besides this, she is a breeder who raises three cows. Mr. Uong T. is 58 years old and the father of six children, who are all attending the local school. Although Mr. Uong T. and his wife both have businesses, they still cannot effort to build a new house for their household. In order to meet this need, Mr. Uong T. decided to ask for a loan to add to his savings to build a house for his family.

Mr. Doeurk C. did not come to take out a loan, but his wife did and is shown in the picture instead of her husband.

This is a village bank loan consisting mainly of end-of-term loans. Six 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: Uong, Noeurn, Sam, Ban, Sang, Nob, Mon, Tor, Sam, Sang, Eng, Doeurk, Nhoek, Choem, Sek

Loan details

Lenders and lending teams

Loan details