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.

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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.  

Take care for now.    

 
   Niels

 Niels Lund

Executive Director

 Microloans For Mothers