A loan of $2,475 helped a member to buy fertilizer.

Mrs. Phan Chheun Village Bank Group's story

This village bank, which consists of eighteen members, is located in Kruos village in Takeo Province. The members plan to use the loan for various purposes. Mrs. Phan C. is the village bank president, selected by the members. She is a 33-year-old mother of four children who attend the local school. Mrs. Phan C. is a mat weaver. Her husband, Mr. Chhorn Thoeun, is a farmer who owns a plot of land where he cultivates rice to earn a living. He faces a small problem because his field is insufficiently fertile to support his crop. Thus, they decided to request a loan to buy fertilizer.

This is a group loan consisting of mainly end-of-term loans. These loans do not require any principal repayment until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. The loans allow borrowers to repay portions of the principal whenever they are financially able to do so. 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 an overall delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

In this group: Phan, Sokhorn, Sok Ly, Touch, Nat, Yom, Ban, Pring, Chin, Phann, Ret, Sambour, Cheng, Sokhem, Khoeun, Van, Von, Sal

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