MfM 
Increasing Quality of Life for Families through Microloans and Education  
 
Newsletter, October, 2015  
                                join our mailing list
            Phnom Penh Program Starts   
     
Over the last few months we've been busy moving our program to Cambodia's capital city, Phnom Penh. It's been a challenge, but now we are here. Our director, Suy Leang, has hired a new loan officer, Um Norak, who has extensive experience with other lending institutions. We're excited to have him on board.

 

Um Norak prepares our first loan in Phnom Penh

The first client for this new program is Penh Raksmey, who runs a simple "sandwich stand" that she is hoping to expand. Norak selected her as an applicant, after which she received a visit by our director. We approved her application and she received a loan of $200 to be repaid over six months.

     

Norak receives application from Penh Raksmey              


  
                               
Suy Leang at the initial interview with Penh Raksmey 
                 Um Norak issues the $200 loan to Penh Raksmey 
                        

The structure of our new program in Phnom Penh is designed for individual clients who receive their loan on a six month term. Before the loan is issued our loan officer and director conduct a thorough interview and background check. Loan installments are paid monthly based on a declining balance (interest of 15%). The installment is collected by the loan officer and transferred to our director who deposits the money into our MfM bank account. The bank deposit slip becomes part of the monthly report.

 
                  Bank deposit slip prepared by MfM director, Suy Leang

    
                 Sanitation Projects

Since the start of our latrine project in July of 2013 word has spread in the community, and applications keep coming in. With the recent donation (by Letitia Ocho) of a latrine for the Houn Nara family, we've now built seventeen for some of the poorest families in the rural area of Kos Khel. Sanitation and decent toilet facilities are big issues in most rural areas of Cambodia, and the Kos Khel community is no exception.          
                               


                The double-pit system construction begins

 
           
Enclosure walls are completed using corrugated tin

            

     
          MfM director supervises delivery of the squatting ceramic

    
           The ceramic is installed on the raised foundation

   

         MfM director and family recognize donor with attached plaque 
Follow us on Twitter

                               group portfolios  

Find us on Facebook
                           
                                    group portfolios  
In This Issue
Phnom Penh Program
Sanitation Program
Niels October  
Hi Everybody!
 
You will have noticed that we had a delay of several months in issuing newsletters. It's an unusual situation for us, and one I must apologize for.  The reason basically is that we've been in the midst of moving our program from the rural area of Kos Khel to the capital city of Cambodia, Phnom Penh. Our director, Suy Leang, who for years has done a stellar job in managing our activity in Cambodia, has developed health issues that prevent him from traveling as often as he had been doing in the past. Since he lives in Phnom Penh, it seemed a natural choice to make the shift. I should mention that we will still be serving the rural community of Kos Khel, but with only the Sanitation Program, in which we building latrines for poor families. We do this on the occasional basis as funds are available, and it requires far less ongoing supervision and support. (You'll see that we have received a new donation to cover the construction of another latrine. The photos are right here in this newsletter.)
  

We all know that change happens, and this has certainly been the case for us. There have been a number of delays in implementing the major change of moving the lending program. Far more than I had anticipated.   
But, finally, we are here. Leang has had good success in finding our new loan officer, Um Norak, who has a wealth of contacts and experience, We'll be able to rely on him to find some excellent candidates for loans. So much so that we are confident to be able to issue individual loans without the usual "group system" we've been using in the past. It's a fresh start in Phnom Penh, which should work well over time.
 
I'm so pleased to introduce our first client, Penh Raksmey, and look forward seeing her simple business grow over the next few months. We hope to make a significant difference in her life. 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 $200 you are really looking at an amount equal to four months' income, which is a large amount of money for Raksmey. It's an amount that she could never hope to save up on her own, and gives her the capital she needs to build her business.

If you would like to add your name to the list of donors you too can make a real difference for other women like Penh Raksmey. Please give it some serious thought.

Click  here to make a donation.    

       ---------------

 
Here's a real positive note: The significant success of our Cambodia Sanitation Project, which we will be continuing in Kos Khel, as I mentioned earlier.

Two to three years ago we announced our plan to start a Cambodia Sanitation Project that supplies latrines to families in poor rural areas. Since then I've been getting the word out, and more interest has been developing in assisting with the funding. Specifically, I have in the last few months received funds to cover six more latrines. In the photos to the left you can see construction photos of the one of the most recently done for Houn Nara - funded by Letitia Ocho through her monthly payment plan.


Good sanitation is essential for health and well being, but it's not the norm in rural Cambodia. Old habits of poor hygiene, of using open fields in elimination of body waste, are still wide spread. The result is the contamination of streams and soils, the spread of disease, high rates of infant and young child mortality, and heavy caseloads of diarrhea and other infections.

According to the World Bank's Sanitation program (2008) only about 17% of Cambodian rural poor households have access to improved sanitation facilities, and by other studies it shows that among the very poor, fewer than 5% have access to a decent toilet facility. I'm extremely pleased that we are able to provide a small measure of assistance in this complex issue.
 

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.  
  

 
       
    
      --------------- 
   
Take care for now.    
 
   Niels
 Niels Lund
Executive Director
Quick Links: 

   

Archived News
Join Our Mailing List