A loan of $1,125 helped a member to buy rice seeds and piglets to start breeding pigs.

Mrs. Khoem Sat Village Bank Group's story

Nine people in Kampao Village in Takeo Province have formed a village bank to request a loan, and Mrs. Sat K. is the village bank president. She is a farmer who owns a piece of land to cultivate rice to earn a living. She now does not have enough rice seeds to grow on the field. Thus, she has decided to ask for a loan to buy rice seeds. She would use the rest of money to purchase piglets to start breeding pigs. She hopes to increase her income and improve her living standard. She is a 58-year-old widow with two children, one of whom is employed in garment factory while the other is a farmer to help their mother. Mr. Lay M. did not come to take the loan but his wife did, so she is present in the picture.

This is a group loan consisting of mainly end-of-term loans. Five members have 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: Sat, Tim, Khim, Mao, Torng, Mach, Sambou, Saroeurn, Lay

Loan details

Lenders and lending teams

Loan details