Increasing Quality of Life for Families through Microloans and Education  
Newsletter, September, 2014  
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     Group Program Mothers Succeed 
We have two groups of mothers in our "group program" in which each member of the group co-guarantees the loan of the others. It's a system that works well for us to introduce new clients. The program gives the women a chance to demonstrate their reliability in handling a loan. Once paid back the mother can apply for a new loan, either in another group setting or an independent loan (see the next panel for some of our independent clients). Below we see our director, Suy Leang as he visits some of our group mothers:

Proeung Pech: "My selling is doing well, I able to repay the loan. This month I have earned some profit so that I can have some money to support my family. Thank you for MfM to provide the loan for me."

Horl Sary: "In the morning, I am selling dry fishes, sausages, fruits. My selling this month is going well. I have my regular customers to buy the products from me daily. Thank you for your visiting me! Thank to MfM is operating in rural area in Cambodia."


Kong Thoeun: "To sell the fishes are very to sell daily to support business. I love my selling for this month so that I could get some income for my family. Thank you for the loan to my family."
Kong Noeun: "I am selling daily for snacks to my customers. This month, I am doing fine so that I can earn some profit to repay back the loan and support my family. Thank you for the loan!"

                   Click here for our full August Report

       Independent Mothers Succeed

We're very proud of the "independent" mothers, and how well they are doing. These "independent" clients are those who have "graduated" from one of our "group" programs, and have demonstrated a high level of commitment to their business, and  solid dependability and in honoring their loan contracts. Having gained our trust through their exemplary borrowing history, they qualify to receive a loan without having to be part of a lending group. Here are two of these successful women during a visit by our director, Suy Leang. Below the photos are the mothers' comments from the August progress report:
Long Mom: "My selling is doing well for the month of August 2014. My customers bought from me every day. I earned some profit so that I can support my children. I will pay the entire loan next month because I need to get the 2nd loan from MfM."


Sou Say: "This month, my selling is doing well so that I get some profit to support my family. Thank for the MfM provide the loan to my family." 

                         Click here for our full August Report

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In This Issue
Group Mothers
Independent Mothers
Hi Everybody!


Well, it's September. Where is the cooler weather? With the heat and humidity we've been having it's almost like being in Cambodia. Although there the heat is constant for several months. This is something we're just not used to.




We are doing well in Cambodia with the "group program", where members of the group co-guarantee each others loans. It's the first step in bringing a client into our program. Five or ore mothers in the group receive a $100 loan, which is paid back over six months. Members of the group are good friends so work together. Once a mother has gone through this initial program and has shown her reliability as a borrower she can then apply for the next loan, either in another group or as an independent lender. See the photos to the left where our director, Suy Leang is visiting some of these "group" mothers.    


 We offer "independent" programs to women who have already completed one or two loan cycles in the "lending group" system. Whereas in the "group" system the mothers in the group have a support system, as an "independent" client they are on their own. They need to be much more self reliant, have established a successful business, and, because of the higher level of risk, offer a small amount of collateral to guarantee the loan. Have a look at their comments to the left.


If you would like to read more detail about our "independent clients" or the "group clients", check out the August monthly report that I just received from our Cambodia director, Suy Leang. You'll see more comments there from some of the successful mothers in our programs.           


 You can make a real difference by helping us fund more mothers like those you see here. Please do consider making a donation. Simply click  here to donate.  


By the way, we are still raising money to build more latrines for families in need. The cost for one latrine is $200. If you would like to assist in this area simply click the link below to reach our donate page. Mention "latrine sponsorship" in the "comments" section below the credit card information. You can do a one-time donation for the full amount, or do a monthly payment plan, as some donors have done. It will make a world of difference for a poor family.  


 Please donate here.    




Take care for now.    


 Niels Lund

Executive Director

 Microloans For Mothers 

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