A loan of $1,700 helped a member to buy a motorbike for her children to travel to work.

Mrs. Suo Chan Thea's Village Bank Group's story

The village bank loan group of Chamka Tamao Village in Kampong Chhnang Province consists of fifteen people. Each plans to use the loan for different purposes. Mrs. S. C. T. is a housewife who cooks a delicious food for her household. She is a 45-year-old widow with three children, two of whom are employed in a garment factory while the other is employed in a small position in a hotel. Since her children's workplace is too far from house, they spend a lot of money on transportation. Thus, Mrs. S. C. is requesting a loan to buy a motorbike for her children to travel to work. Mrs. Sok T.'s husband is presented in the picture.

This is a village bank loan consisting of mainly end-of-term loans. Six 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 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. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

In this group: Suo, Ruos, Am, Sok, Men, Hem, Khoem, Suon, Dol, Sou, Trey, Yorng, Doung, Pory, Bun

Loan details

Lenders and lending teams

Loan details