Tuesday, February 24, 2009

KIVA Update

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We're excited to announce our second microfinance loan through kiva.org and so thankful that many of you were able to contribute to Eng Uy's entrepreneurial success!  The $450.00 we loaned made up 90% of the funds she needed for her business.  According to Kiva's website, 

"Mrs. Eng Uy is a villager in Smao Lich Village in Kampong Cham Province, Cambodia. She is a farmer who owns a small piece of land to cultivate rice on to earn her living. Aside from this plantation, she and her husband, Mr. Sim Chea, are incense stick makers.

Since this business is going well, they want to sell door-to-door, so Mrs. Eng Uy decided to ask for a loan to add to her savings to buy a motorbike to transport her products door-to-door. Mrs. Eng Uy is 25 years old and the mother of two children who are too young to work or study because they are two and four years old. Her husband is also in the photo."

Be sure to take a peek at the links above for updates on Eng Uy's progress!


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