Srey Nein, 34, was beaming from ear to ear as she welcomed us in to her home the other day. She remembered me, the barang (foreigner), from a visit I had with her neighbor a few weeks back and was more than happy to answer our questions about the impact the loan has had on her business and life. (The neighbor is also a Kiva/Maxima borrower and had recommended them to her) Srey Nein is married with two children, ages 7 and 16, who are both attending local schools. Her husband is a policeman in a neighboring commune (group of 3 villages) and also farms for the family's own use.
Srey Nein's loan of $1,000 has been completely repaid as of December (In only 2 months!). This is the first time she has taken out a loan through Maxima Mikroheranhvatho Co., Ltd. here in Cambodia. This new loan, funded through Kiva, has enabled Srey Nein to buy raw silk in bulk and thereby increase her profits. She explained that previously she purchased through the local middleman, but now finds it more cost effective to travel to Phnom Penh to buy her silk direct. This has been a considerable cost savings and she is quickly expanding her business. Having never had access to a large amount of capital before, Srey Nein was able to not only get a better price for her materials, but buy an additional loom and hire one employee too!
Now that she is able to earn more, Srey Nein hopes to continue borrowing so that she can purchase one more loom and hire a second employee. She also hopes to be able to save for her children's future so that they have the opportunity to be whatever they want. (Photo: Srey Nein with daughter)
MAXIMA Mikroheranhvatho Co., Ltd.
Posted by Tami Rowan from Khsach Kandal district, Cambodia
Dec 5, 2007
Comments
What a wonderful success story. I hope Srey continues to prosper and is able to provide a secure future for her family.
Posted by eLiz from Guelph, Ontario, Canada
Dec 5, 2007
This story is truly delightful. Congratulations Srey on being about to do so much so quickly. I hope to see your name again as you continue to grow your business.
Peace
Posted by Rev. Cori from Miami, FL
Dec 6, 2007
Sucesso !
Posted by Ricardo from Brazil
Dec 6, 2007
No comments:
Post a Comment