Partner Profile

Mrs. Saphorn Somnang, 58 years old, is a sculpture seller who lives in Preak Hor Leach village, Preak Hor Commune, Takhmao city, Kandal province. She has two children (one boy and one girl).

Seeing a good opportunity, Somphorn Somnang and her husband started work as a sculpture sellers more than 10 years ago up. Initially, she only had about $500 in capital.

Seeing an increase in the number of orders that she received each day, she looked to expand her business, but she lacked the resources to buy more sculptures and printing materials (a $300 printing model). At that time, her sister advised her to apply for a loan service from Chamroeun Microfinance, because of its good and fast service, friendly staff and uncomplicated documentation.

She has now used Chamroeun Microfinance lending services for 10 loan cycles, with the last amounting to four million riels.

Daily revenues are now 20 to 40 thousand riels per-day from buyers in the provinces and the city. She also has many distributors in areas such asKampong Chhnang, Prey Veng and Takeo, as well as in Khan Chom Chao and Lvea Am Districts. She has just employed two additional workers; each of which gets a wage of around one to two million riels per-month. She is happy with Chamroeun’s service to support her business and improve her living standard, which has contributed to helping her buy a new house and land, she said.

In the future, she plans to expand her business through Chamroeun’s lending services.

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Mrs. Som Bopha, 33 years old, is a retailer and currently lives in Preak Hor Leach village, Preak Hor Commune, Takhmao city, Kandal province. Her husband was a construction worker and his daily income was 50,000 riels per day. She has one daughter.

Seeing a good opportunity in the general retail market space in her area, Som Bopha started her business more than three years ago. Initially, she only had about $300 in capital.

As her day-to-day orders increased she wanted to expand her business, but she lacked the capital to buy more items for her stock. At that time, she had taken a loan from Chamroeun Microfinance, because she felt the service was good and fast, staff were friendly and documentation was uncomplicated. She found out about Chamroeun Microfinance through promotions that staff provided at her home.

Shahs now used Chamroeun MFI lending services for 3 loan cycles, with the last loan being of four million riels, which she used to expand her business.

Daily revenues are now 30 to 40 thousand riels per-day. She is happy with Chamroeun’s service in to support to her business and which helps improve her living standard. She has for example saved sufficient money to replace her thatch roof with zinc sheets.

In the future, she plans to expand her business, continuing to avail Chamroeun’s lending services.

She expresses her wish to thank Chamroeun Microfinance for providing her these loans, from the initial point when she was a small retailer, until now where she considers herself a mid-sized retailer.

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