A loan of $2,150 helped a member to buy more silk to process into a dresses for her customers.

Mrs. Phally Eang Village Bank Group's story

This village bank, which consists of fifteen people, is located in Chumrov Village in Takeo Province. Mrs. Phally E. was selected by the members to be the village bank president. She is a silk weaver in the local village. Since she now has a lot of consumer demand, she has decided to ask for a loan to buy more silk to process into dresses for her customers.

Her husband, Mr.Cheng Dy, is a famer who owns a 1.5-hectare plot of land and cultivates rice to earn a living. In addition to his farm, he is a driver who earns a small income to support the family. Mrs. Phally E. is 41 years old and the mother of four children who attend the local school.

This is a village bank loan consisting of mainly end-of-term (EoT) loans. Five members have end-of-term loans and the rest have monthly payment loans. They 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 payments maN. 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: Phally, Ny, Sakt Ly, Neang, Chinda, Chhoem, Moch, Ly, Sok Lieng, Khema, Sokhom, Srey Pov, Nav, Srey Pech, Phang

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