A loan of $1,875 helped a member to buy two more pigs for breeding.

Mrs. Prak Sok Art's Village Bank Group's story

The village bank loan in Krang Leav Village in Kampong Chhnang Province consists of eighteen people. They plan to use the loan for different purposes. Mrs. Prak S. A. is the village bank president, and she is a fruit seller in the local market. Aside from this business, she is a pig breeder. Since this business is going well, she wants to expand it, S. she decided to ask for a loan to buy two more pigs for breeding. Her husband, Mr. Thon Thuren, is a construction worker who can make a small income to support his family. Mrs. Prak S. A. is 50 years old and the mother of two children, one of whom sells firewood and another, the youngest, attends the local school. Mrs. Hem Chantha is a group guarantor and is alS. presented in the picture. All of the members are shown in the picture but two of them are blocked.

This is a village bank loan consisting of mainly end-of-term loans. Seventeen 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 they are the most beneficial to Cambodia's poor. The EoT loans allow them to repay portions of the principal whenever they are financially able. Most clients stA. to make payments many months before the end of the loan term. Almost all of AMK's clients make their payments on time.

In this group: Prak, Suong, Uk, Ung, Prak, Samrith, Uk, Chea, Yen, Leng, Yin, Som, Min, Seang, Sorm, Mul, Sieng, Sieng

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Loan details