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Amret Microfinance Institution

Chhoeng Sophal
Chhoeng Sophal

Amret has enabled Chhoeng Sophal to farm much more successfully and to significantly raise her family’s standard of living. Sophal, 51, a farmer in Khporb Leu village, Khporb commune, S’ang district, Kandal province, Kingdom of Cambodia, and a mother of 5 children took out her first micro loan with Amret in 2003 for the purpose of improving her farm. After borrowing KHR120,000 ($30), Sophal, as a part of a five-person borrowers’ group, bought ginger, arum seed and rented a pumping machine to pump water into the field.
Since then, by taking out several different loan terms with Amret, she has raised the amount of her “solidarity loan” to KHR 500,000 (US$125) and her individual loan up to US$700. With these loans, Sophal has been able to buy more ginger and arum seed and two pumping machines, which she can make use of herself and also rent to others. Sophal is considering taking out another loan to buy another plot of land for growing ginger and arum and a new motorbike for her family.
With Amret’s help, Chhoeng Sophal and her husband are now the proud owners 18 acres (0.18Hectares) of land, 3 pigs, a larger house, a motorbike and 2 bicycles, and they are also sending two children to high school.

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