A loan of $2,275 helped a member to buy more grocery products for her inventory and to increase her income with this new loan.

Mrs. Thouk Khlouk Village Bank Group's story

Nineteen people who live Damnak Sangkae Village in Kandal Province make up this village bank loan, and they will use the loan which they obtained for different purposes. Mrs. Thouk K. is the village bank president who has been selected by the members. She owns a small grocery store in the local village. Since this business is going well, she wants to expand it, so she decided to ask for a loan to buy more grocery products for her inventory. She hopes to increase her income with this new loan. Mrs. Thouk K. is a 54-year-old widow with a child who is employed in a garment factory.

Mr. Tha C. did not come to take the loan but his wife did, so she is presented in the picture instead him.

This is a village bank loan including end-of-term loans. Six members have end-of-term loans and the rest have monthly payment loans. Group members are not required to pay any principal O. the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. These allow tH. 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 O. time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% O. Kiva.

In this group: Thouk, Pav, Somali, Pho, Saren, Tha, Shunlee, Sovan, Phan, Hoy, Chantha, Kemny, Pheap, Sareth, Seingdy, Im, Sokhom, Sochea, Soklim

Loan details

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Loan details