MfM 
Increasing Quality of Life for Families through Microloans and Education  
 
Newsletter, April, 2015  
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            Loan Cycle Continues  
     
This month we are featuring three of the mothers from our loan group: Long Vanny, Proeung Pech and Hem Son. Their businesses are doing nicely.

Immediately below we can see the progress in Hem Son's taro fields. The first photo we took last month in her fields, and the second just recently showing growth in the plants. She's a hard worker that will soon see the fruits of her labor.

                                       Hem Son               

Last month in Hem Son's Taro fields


This month's visit in Hem Son's fields

Hem Son: "As you see, my Taros are growing now. I was happy to see Mr. Leang visited the field again. When the roots are mature, I will harvest in one month so that I can sell to my suppliers in Phnom Penh. They will make many kinds of desserts. Once again, I would to say thank to Microloan for Mothers that provided the loan to my family. Without you program, I can not do to start with this plan. All and all, you are doing a great work to help the poor families in my villages!"    
Proeung Pech


Suy Leang visits Proeung Pech before day break
   
Proeung Pech: "Mr. Leang came to visit me in Phnom Penh while I and my family had transported the cabbages and green lettuces to Phnom Penh to sell to the retailers and dealers in Phnom Penh. My selling is doing fine. When I just arrived, there were a lot of retailers come bought from me. I earned a small profit after this selling so that I can repay the loan back. Once again, we thank you for your providing the loan to my family."
                                              
                                       Long Vanny

    
                        Suy Leang visits Long Vanny's school store
Long Vanny:"My selling is doing fine for this month at the school. I am a teacher also at this primary school, I am trying earn more money; you see at my small booth, I can sell the snack on a daily basic. My income is doing fine so that I can pay the back the loan every month. I thank to MfM is providing the loan to my family. Your work is to help real the poor family in rural area as like my family."

                 
                  To see the full March Report click  here. 
                        
       Initial Loan Distribution Meeting

As mentioned in January, the five mothers who had previously completed their first loan cycle met to receive their second loan. They had all paid back their first loan of $100 - with interest. We're proud of them, and want to show them here again in this April newsletter. 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

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In This Issue
Loan Cycle Continues
Loan Distribution Meeting
Niels  
Hi Everybody!

   

I think it's interesting to see the progress in Hem Son's taro fields. We have typically not given farm loans in the past, but Suy Leang thought it would be something to try. It's a little different from the regular loans we issue in that most loans are for "store type" businesses that generate regular income from customers. Farming clearly starts generating  income only after several months when crops are sold. Hem Son is doing fine in our program, and we're glad to be able to assist her.

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 significant difference. For us here in America it can be difficult to understand how significant the  impact is of a small loan of $150. 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 three months' income, which 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. 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 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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