A loan of $1,425 helped a member to ask for a loan to buy more fishnets and fish line for the family fishing business.

Mrs. Srey Hun Village Bank Group's story

The village bank loan, which consists of eighteen members, is located in Chreaek Village in Kampong Cham Province. Mrs. S. H. is the village bank president who has been selected by the members to receive a loan. She owns a small grocery store where she sells grocery products. She is a 45-year-old widow with three children, two of whO. are fishermen while the youngest one attends the local school. Since their fishing business faces some problems, Mrs. S. H. decided to ask for a loan to buy more fishnets and fish line for this business. She hopes to increase her income and improve her living conditions with this new loan.

This is a village bank loan consisting of mainly end-of-term loans. Sixteen members have end-of-term loans and the rest have monthly payment loans. They 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 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.

In this group: Srey, Noeurn, Srey Mao, Nuy, Heang, Sroy, Mach, Sam, Thavy, Chandy, Thoeurn, Roeurn, Norn, Muth, Neang, Yorn*, Kemma, Nov
*not pictured

Loan details

Lenders and lending teams

Loan details