A loan of $1,050 helped a member to buy more fruit to resell.

Mr. Sokea Kem's Village Bank Group's story

Nine people living in Akreiksat village in Kandal province comprise this village bank group, and they will use the loan for various purposes. Mr. Sokea K., aged 27, is the leader of the group. He is a construction worker. His wife, Mrs. Hout Sambath, is a fruit seller in the local market. Since her business is doing well, she wants to expand it to earn more income. Thus, Mr. Sokea K. decided to ask for a loan to buy more fruit to resell. Mrs. Samnang C. does not come to take a loan but her husband is taking a loan, so she is shown in the picture instead of him.

Three members in this group are taking 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: Sokea, Kan, Phorn, Bopha, Samnang, Kalayanei, Yean, Pho, Oy

Loan details

Lenders and lending teams

Loan details