A loan of $2,575 helped a member to buy vegetables to sell.

Mrs. Ouk Sorn Village Bank Group's story

Twenty-two people living in Srey Snom village in Kandal province comprise this village bank loan, and they will use the loan for various purposes. All the members are shown in the picture, though some are blocked.

Mrs. Ouk S., the 43-year-old village bank president, is a vegetable seller in the local market. Since her business is going well, she wants to expand it by purchasing more vegetables to resell. She hopes to increase her income and improve her living conditions.

Her husband, Mr. Thy Chhum, is a farmer who owns a small piece of land to cultivate rice. Mrs. Ouk S. has five children, one of whom is employed in a garment factory while the other three are attending the local school and the remaining child is too young to work or study.

Eight members in this group 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 thE. 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: Ouk, Mom, Sokea, Chan Noen, Moen, Soen, Pheap, Shorn, Pheap, Thoun, Thun, Thim, Sok Kung, Yorn, Thouk, Chantha, Navy, Phary, Saran, Vanna, Sophea, Roeng

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Loan details