CWS has worked with the villagers in Krava commune in central Cambodia to start savings and lending groups; so far eight saving groups have been established and strengthened so affordable small loans are readily available to members. In Prey Roleap village, one committee member, Mr. Yem Sophat, notes that monthly group meetings are a forum for members not just to add to their savings, but also to talk about the village’s overall situation and the social welfare of especially vulnerable families. So, for example, savings group members recently responded to a family whose house burned down when they agreed make an appeal to other saving groups to help the family. In all, eight saving groups committed 250,000 Riel from their reserves and individual members contributed 100,000 Riel. “We are so proud of this because it show how saving groups create solidarity among community members and how they can our love and care for each other”, Yem Sophat said.
Small loan for villagers
CWS Cambodia | April 28, 2016