A loan of $1,650 helped a member purchasing more rice to resell.

Mrs. Sokea Suon Village Bank Group's story

Fourteen people living in Boeng Leach village in Takeo province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Sokea S. is a 43-year-old village bank president. She is a rice middle woman. Since her business is doing well, she wants to expand it by purchasing more rice to resell to earn more income. Her husband, Mr. C. Lot, is a hard working man. Mrs. Sokea S. has five children, one of whom is a dessert seller, three are attending the local school, and the remaining is too young to work or study.

Five 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 them to repay portions of the principal whenever they are financially able. 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: Sokea, Sophanna, Kheim, Tok, Mom, Pech, Sam On, Yoeun, Phal, Nget, Leng, Meas, Kung, Im

Loan details

Lenders and lending teams

Loan details