MfM 
Increasing Quality of Life for Families through Microloans and Education  
 
Newsletter, March, 2015  
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            Loan Cycle Continues  
     
As mentioned last month, we have five mothers who two months ago completed their first loan cycle. They all paid back their loan of $100 - with interest. We're proud of them, and delighted that we were able to help them get their businesses started. Below we see our director, Suy Leang, and assistant, Srey Roth, as they celebrated with the women in January when they received their second loan ($150):
      
  
               Mothers gather for start of their second loan cycle

This month we are featuring two more mothers from the group, Hem Son at her Taro plants and Proeung Pech at her ice and groceries business. You can help more such women to achieve success by making a small donation.

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                                       Hem Son
                 

Early morning in Hem Son's fields


Suy Leang visits Hem Son in her home

Hem Son: "Today in the early morning, Mr. Leang and I drove a motorbike     and went to visit my farm that I am planting the root of Taro in my land. These plants will provide the roots so that I can sell to my suppliers from Phnom Penh - restaurant wants to purchase from me, they will make many kind of desserts. In April 2015, we will harvest the roots so that we can sell to my customers. Today, I was happy to see Mr. Leang came down and visited my family. I was very happy to get a second loan from MfM. Without MfM program in my village, I can not run my farm. I love MfM in my village. You are doing a wonderful work to help the poor family in my community!"

 

Proeung Pech


Suy Leang visits Proeung Pech before day break

    
                     Another visit to Proeung Pech's store                    
     

Proeung Pech: "As usual, Mr. Leang came and visited me while I am selling dessert to my customers in my village. My booth is small but I can earn some money to feed my family. I am selling ice-ball and snacks. This month of Feb. I am doing fine so that I could repay back my loan for this month. I wish and wanted to see MfM, that this NGO is helping more families in my community, we are having many poor families who need your help. Your program is so much mean to my family. Thank you all for providing the 2nd loan to me and my family!"

                  To see the full February Report click here
   
                    
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In This Issue
Loan Cycle Continues
Niels  
Hi Everybody!

   

Again I'm so pleased to see the level of success that some of the women in our lending program are having. In reading their comments it becomes very clear that we are making a very significant difference in their lives. For us here in America it can be difficult to understand how significant an impact a small loan of $100 or $150 can make. Last month I gave a small example to gain some perspective on this. It gives a very clear picture, so worth repeating. Here it is: The poor in Cambodia get by on less than $2 per day - in other words, about $50. So when you look at a loan of $150 you are really looking at an amount equal to what a poor mother would make in three months. It's very clear that getting a lump sum of three months salary is a large amount of money. It's an amount that they could never hope to save up on their own, and gives them the capital they need to start a real business. There are more photos this month of two of those mothers. Check them out on the left, and read their comments. To me it's heartwarming to see how much good can come from (for us) just a small amount of money. And, of course, this is a loan. The money comes back to us so we can lend it out again to benefit more women.

If you would like to add your name to the list of donors you too can make a real difference. Please give it some serious thought. Click here to make a donation.    

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And don't forget, we're still raising funds 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.    

    

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Take care for now.    

 
   Niels

 Niels Lund

Executive Director

 Microloans For Mothers 

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