A loan of $1,900 helped a member to buy different kinds of fruit to re-sell.

Mrs. Mom Hor Village Bank Group's story

This Village Bank loan is being requested by fourteen people who live in Preak Samraong Village in Kandal Province. Mrs. Mom H. is a village bank president who has been selected by the members. She is a fruit seller in the local market. Because she now has a lot of customers who are buying large amounts of her products, she has decided to ask for a loan to buy different kinds of fruit to re-sell to meet their demand. She is a 48-year-old widow with four children, three of whom are employed in a garment factory while her youngest, who is only five years old, stays at home.

This request includes some end-of-term loans. Two members have end-of-term loans and the rest have monthly payment loans. The former 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 they are most beneficial to Cambodia’s poor. These loans allow 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 loans.

In this group: Mom, Keov, Sambath, Kak, Pao, Sarem, Thea, Chantrea, Shidoen, Vannak, Hem, Saron, Saory, Sokry

Loan details

Lenders and lending teams

Loan details