A loan of $2,800 helped a member to ask for a loan to buy more vegetable seeds for cultivation.

Mrs. Malen Phoung Village Bank Group's story

The village bank loan, which consists of twenty-four members, is located in Preak Traeng village in Kandal Province. Mrs. Malen P. is a village bank president who has been selected by the members. She and her husband, Mr. Song Sun, are vegetable farmers who own a hectar to cultivate rice to earn a living. In this farming, they face a problem because they do not have enough vegetable seeds to grow, so Mrs. Malen P. decided to ask for a loan to buy more vegetable seeds for cultivation. She hopes to increase her revenue and support the family well. Mrs. Malen P. is 29 years old and the mother of two children, who are at home because they are too young to work or study.

This is a village bank loan consisting of mainly end-of-term loans. Five members 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 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: Malen, Pao, Sophorn, Savy, Sokunthea, Oun, Phat, Savoen, Bunthoen, Sambour, Srey Von, Mat, Sonao, Rom, Sarom, Oeng, Saran, Savy, Sarorn, Chreb, Sok Na, Sein, Ann, Man

Loan details

Lenders and lending teams

Loan details