A loan of $1,200 helped a member to buy fish nets for the fishing business.

Mrs. Seam Saom Village Bank Group's story

Ten people living in Preak Treing village in the Kandal province comprise this village bank loan, and they will use the loan for various purposes.

Mrs. Seam S., the 27 year-old village bank president is a farmer who owns a piece of land to cultivate vegetables. Her husband, Mr. Phen Pav is a fisherman. He has a small problem where he does not have enough fish nets for his fishing business.

Mrs. Seam S. is asking for a loan to buy fish nets for her husband's business. She hopes to increase their income and improve their living conditions with this loan.

Three members in this group have loans that are 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: Seam, Sokhon, Thach, Noun, Shinat, Chanthorn, Seth, Mao, Sami, Lot

Loan details

Lenders and lending teams

Loan details