A loan of $2,850 helped a member to buy tables, chairs, plates and supplies to start a rice soup business.

Mrs. Nget Soun Village Bank Group's story

The village bank consists of twenty-two members and is located in Roka village in Kandal Province, and they plan to use the loan proceeds for different purposes. Mrs. Nget S. is the village bank president who has been selected by the members. She is a Khmer noodle seller. She has been earning progressively less income to support her household, and she now lives in poor conditions and so wants to start a new business. Thus, she decided to ask for a loan to buy tables, chairs, plates and so on to start a rice soup business. She is a 42-year-old widow with four children who are all attending the local school.

This is a group loan consisting mainly of end-of-term loans. One member has end-of-term loans and the rest of 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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: Nget, Vicheth, Sokhim, Huoy, Eth, Chamreourn, Long, Morn, Thai, Rith, Phath, Pha, Yoeung, Savorn, Srun, Srey, Ngaeth, Sreiroart, Navy, Srey Toch, Toma, Mai

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Loan details