A loan of $1,000 helped a member purchasing new fishnets and a new boat.

Mrs. Lach Yim's Fishing Business Group's story

The village bank, which consists of fifteen members, is located in Kuy Village in Kampong Chhnang Province. Mrs. Lach Y. is the village bank president; she has been selected by the members. She has 2-hectar where she can cultivate rice. Her husband, Mr. Ke Khon, is a fisherman. In order to improve this business, his wife decided to ask for a loan to buy more fishnets; she will use the rest of the loan to purchase a new boat to replace the old one. She hopes that she can increase her income and improve her living conditions with this new loan. Mrs. Lach Y. is 55 years old and the mother of three children, one of whom immigrated to Thailand to work and another of whom is a farmer. The youngest one is still attending the local school. Mrs. Hor I. does not come to take a loan but her husband is, so he is presented in the picture instead.

This is a village bank loan consisting mainly of end-of-term loans. Thirteen members have end-of-term loans and the rest have monthly payment loans. These members 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 do so. 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: Lach, Phouk, Oung, Uch, Bai, Keb, Yeab, Sak, Phorn, Koy, Khoeun, Khon, Pai, Doem, Hor

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