A loan of $1,850 helped a member to build a new house for her family.

Mrs. Sonleng Hon Village Bank Group's story

This village bank, which is located in O’Kandol Village in Kampong Chhnang Province, consists of 14 people and they will use the loan in different purposes. Mrs. Soleng H. was selected by the group to be the village bank president. She sells pots in the local market. Her husband, Mr. Seng S., is a construction worker who makes a small income to support the family. Although they try to work hard, they don't earn enough income to provide better living conditions for their family. In order to improve their standard of living, Mrs. Soleng H. decided to ask for a loan, to add to her savings, to build a new house for her family. Mrs. Soleng H. is 30 years old and the mother of three children who all attend the local school.

This is a village bank loan consisting of mainly end-of-term loans. Twelve members have end-of-term loans and the rest have monthly payment loans. Group 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 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: Soleng, Lom, Sam Arth, Sothea, Saren, Khin, Eth, Savun, Savy, Rann, Vet, Si Yen, Ra, Sout

Loan details

Lenders and lending teams

Loan details