Funded

Total loan: $2,200
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Mrs. Hem Chenda's Village Bank Group

Cambodia
Cambodia / Bakery

A loan of $2,200 helped a member to buy sticky rice.


Mrs. Hem Chenda's Village Bank Group's story

Fifteen members are part of the village bank loan in Andoung Svay Village in Kampong Chhnang Province. Mrs. Hem C., 48 years old, is the village bank president. She is a Khmer cake maker who earns a small income to support her family. Since this business is going well with a steady stream of customers, she would like to expand it. She has asked for a loan to buy sticky rice to make more Khmer cake to meet her customers' demands. Her husband, Mr. Srey Ched, is a construction worker who earns less than $2 per day to support his family. They have four children: two sell purified water; one is a construction worker; the youngest is attending the local school.

All of these members have end-of-term loans and they 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.

In this group: Hem, Pheap, Chum, Chan, Men, Em, Meas, Chan, Meas, Chan, Sok, Yang, Pen, Pen, Muth
*not pictured



Loan details

Loan length:

26 months
Disbursed date: October 29, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: October 29, 2008
Facilitated by Field Partner: AMK (Angkor Microfinance Kampuchea)