A loan of $750 helped a member to ask for a loan to buy fishnets and fish lines to catch fish.

Mrs. Vy Yab Village Bank Group's story

This village bank which consists of ten people is located in Phum Da Village in Kampong Chhnang Province. Mrs. Vy Y. is the village bank president who has been selected by the members. She is a fisherwoman. In her business, she now faces a small problE. because she does not have enough fishing tools, so she decided to ask for a loan to buy nets and fishing lines to catch fish. She hopes she can gather more fish to support her family. Mrs. Vy Y. is a 48-year-old widow with 10 children, five of whom are working in a garment factory while the others are attending the local school and also help their mother when they have free time.

Mrs. Vy Y. will share this loan with the other group members, who will use their portion for a variety of purposes.

All the members in this village bank are seeking end-of-term (EoT) loans so they are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK's main product because it is the most beneficial to Cambodia's poor. It allows thE. 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.

In this group: Vy, Tung, Tieng, Bin, Sopha, Orn, Am, Srim, Sokhum, Teng

Loan details

Lenders and lending teams

Loan details