Increasing Quality of Life for Families through Microloans and Education  
Newsletter, October, 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: "Fishes selling is good to supplies my customers in the village. I earned some profit to take care the family! Thank you for your team to provide the loan to me!"

Horl Sary: "I thank Mr. Leang visited at my sugar machine shop! I make sugar can daily and sell to my regular customers. I got some profit to take care my grand children! My repayment schedule will end of this month so that I want to continue to operate my small business, please provide the loan for the second loan!"


Kong Thoeun: "River fishes are so good to sell at the local market, I distributed the fishes to my customers daily. I earned some money to take care my family! Thank you for the loan!!"
Kong Noeun: "I am trying to sell as much as I can, as you see that I am selling variety of snacks.. and fruits. May daily selling is doing good so that I can earn some money to feed my family! Thank you for the loan!"

                   Click here for our full September Report

       Independent Mothers Succeed

We're very proud of the "independent" mothers; clients who have "graduated" from one of our "group" programs, and have demonstrated solid dependability 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 three of these successful women during a visit by our director, Suy Leang. All three will soon have fully repaid their current $200 loan, and will be eligible to receive their next loan of $250. Below the photos are the mothers' comments from the September progress report:
Long Mom: "I will complete my repayment schedule soon in October 2014 for the first loan from MfM. My selling pork meat are doing good. I am very please with this program! I hope that I can get the second loan from MfM!"


Sou Say: "Approaching to complete my repayment schedule, this month, and my selling fishes for this month is doing great. Thank for the MfM provide the loan to my family. I want to get the loan again for 250$ from your MfM." 

Noun Sam Ath: "My selling is doing great! I got the profit and get some income so that I can raise my family. I will end my repayment schedule in October 2014; I would like to get the second loan!"             
                          Click here for our full September Report
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In This Issue
Group Mothers
Independent Mothers
Hi Everybody!


Here in October we've reached a bit of a mile stone for some of the women in Cambodia. Our loan cycles are six months, and we're now at the tail end of that period for several of our clients. With the successful completion of their repayment they'll have gained more of our trust. Those who have accrued savings will have the savings returned, and they'll be eligible to apply for their next loan of a higher amount.   



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 of our mothers in the group received 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. All four of them are at the end of their loan cycle, have done very well,  and have been approved for their next loan - an "independent" loan of loan of $150.     


 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 September 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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