various help for Chroeb En Group in Cambodia (Help_091821_81223)

Mrs. Chroeb En is the president of a village bank of twelve people who all live in Toeuk Chenh Village in Kampong Chhnang Province. All the members will use the loan for different purposes. Mrs. Chroeb En is a basket maker and seller who can make a small income to support her family. Her husband, Mr. Chuon Pov, is a traditional musician who plays the music during wedding ceremonies, funerals, and parties. Although Mrs. Chroeb En and her husband try to work hard, they still live in poor conditions and in an old house. In order to improve their standard of living, Mrs. Chroeb En decided to ask for a loan to build a new house for her family. Mrs. Chroeb En is 32 years old and the mother of five children, four of whom are attending the local school while the youngest one is just two years old. Mrs. Thuo Suom does not come to take a loan but her husband is, so he is presented in the picture instead of his wife.
This is a village bank loan consisting of mainly end-of-term loans. Seven 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.

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