A loan of $2,250 helped a member to purchase rice seed to cultivate on her plantation.

Mrs. Seum Sorn's Village Bank Group's story

Twenty people in Toul Vihea Village in Kampong Cham Province make up this village bank loan which will be used for different purposes. Mrs. Seum S. is a village bank president that has a plantation where she cultivates rice. She does not have enough money to buy more rice to plant so she has decided to ask for a loan to purchase rice seed. Her husband, Mr. E. Vong, helps with the rice plantation. Mrs. Seum S. is 56 years old and the mother of a 16 year old child who is still attending school.

This is a village bank loan consisting mainly of end-of-term loans. Ten members have end-of-term loans and the rest have monthly payment loans. 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. 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: Seum, Eng, Dul, Boel, Son, Mao, Phorn, Seab, Vann, Phov, Thim, Chay, Kea, Chay, Cham, Torn, Oun, Chum, Koe, Phorn

Loan details

Lenders and lending teams

Loan details