A loan of $1,650 helped a member to add to her savings to build a new house.

Mrs.chhoen Chan Thy's Village Bank Group's story

This village bank borrowing group consists of sixteen members and is located in Oknha Pang Village in Kampong Chhnang Province. The group members will use their shares of the loan for different purposes.

Mrs. Chhoen C. T. is the village bank president and she owns a small place where she sells Khmer noodles to villagers and passers-by. She is a 40-year-old widow with four children, one of whom is employed in a garment factory while the remaining three are attending the local school. Although Mrs. Chhoen C. T. and her children have different businesses, they still live in poor conditions and in an old house. In order to improve their standard of living, Mrs. Chhoen C. T. has decided to ask for a loan to add to her saving to build a new house for her household to live in better conditions.

Mrs. Ouern P. did not come to the loan group meeting but her husband did, so he is present in the picture instead.

This is a village bank loan consisting of mainly end-of-term loans. Eleven members have end-of-term loans and the rest have monthly payment loans. These 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. 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: Chhoen, Kham, Oill, Suon, Chhoeun, Suon, Un, Chouern, Ouk, Ouern, Mark, Sorn, Horm, Chea, Men, Prak

Loan details

Lenders and lending teams

Loan details