A loan of $2,400 helped a member to buy more rice to keep in stock.

Mrs. Thy Klang Village Bank Group's story

The group receiving this village bank loan consists of twenty people I. Thnal village I. Kampong Chhnang province. Mrs. Thy K. is a village bank president. She is a rice middleman who buys rice to keep I. stock and then resell later at a better price. Since this business is going well, she wants to expand it, so she decided to ask for a loan to buy more rice to keep I. stock. She hopes to increase her income and improve her living conditions with this new loan. Her husband, Mr. Uk Kry, is a construction worker who can make a little income to support the family. Mrs. Thy K. is 48 years old and the mother of four children who all attend the local school.

This is a village bank loan consisting of mainly end-of-term loans. Eight 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 maI. product because they are the most beneficial to Cambodia’s poor. These allow people 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 a default rate of 0% on Kiva.

In this group: Thy, Khum, Kay, Noem, Nun, Sokha, Pha, Chanthorn, Narin, Vimean, Sokhom, Sokhhea, Khat, Set, Phally, Sarem, Thou, Khea Ry, Sopheap, Hai

Loan details

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Loan details