A loan of $2,825 helped a member to purchase fertilizer to support the crop to make it more productive.

Mr. Sar Phlang Village Bank Group's story

The village bank consists of twenty two members and is located in Chek village in Kandal province. They plan to use the loan they obtain for different purposes. Mr. S. P. is the bank president and was selected by the members. He and his wife, Mrs. Nhey Cham, are farmers who own a plot of land to cultivate rice to earn for living.

They face an obstacle in the plantation because their field is infertile, which has a bad effect on their crop. In order to deal this problem, Mr. S. P. decided to ask for a loan to purchase fertilizer to support the crop and make it more productive. He hopes to increase their incoM. and improve their living conditions with this loan. He is 49 years old and the father of five childrE.. Two of the childrE. are employed in a garment factory while the others are enrolled in the local school.

This is a group loan consisting of mainly end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. These members are not required to pay aN. 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. Most clients start to make their payments maN. months before the end of the loan term. Almost all of AMK’s client make their payments on tiM.. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

In this group: Sar, Phalla, Roem, Sarin, Mabb, Phall, Mao, Sitha, Sopha, Leng, Hoeurn, Men, Vin, Channy, Nget, Sokheang, Sim, Sok Poa, Him, Lavvary, Song Kim, Chandy

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