A loan of $2,175 helped a member to buy vegetable seeds to cultivate.

Mrs. Youeng An Village Bank Group's story

This village bank loA., which consists of 23 people, is located in Koek Romiet village in Kandal province, and all members will use the loA. for different purposes. Mrs. YouE. A. is a village bank president who has been selected by the members. She is a farmer who owns a small piece of land for cultivating vegetables to earn her living. In this farm, she faces a small problem: she does not have enough vegetable seeds to cultivate. She has decided to ask for a loA. to buy these seeds. Her husband, Mr. Chhit Lin, helps her in her farm. Mrs. YouE. A. is 58 years old and the mother of a child who is employed in a garment factory.

This is a village bank loA. consisting of mainly end-of-term loans. Nineteen members have end-of-term loans, and the rest have monthly payment loans. Group members are not required to pay any principal on the loA. until the very end of the loA. term. End-of-term (EoT) loans are AMK’s main product because it offers the most benefit to Cambodia’s poor. It allows tH. 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 loA. 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: Youeng, Yourn, Saraen, Touch, Makk, Aem, Ratt, Khorn, Rorn, Sambor, Shinoun, Mao, Sokhan, Sokhon, Sorn, Vorn, Savat, Phally, Saro, Ul, Sophea, Nary, Him

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