Savings groups create opportunity

Savings groups create opportunity
SOKLEE GERVAIS, FIELD REPORTER KOH ANDAET, CAMBODIA 

Meet Lin Sophen. She’s a small business owner, mother of three and member of her community Savings Group.  
 
“I joined the Savings Group five years ago. We started with 12 members, and now we’re at 22 members!” She tells me.  
 
Members of the Savings Group receive financial training and educational support. They’re encouraged to grow their savings and also start new businesses with the help of low interest loans. Previously, rural families would struggle to get loans from the bank and were unable to grow or start their businesses. Now, members of the Savings Group, like Lin Sophen can begin to thrive and build economic resilience.  
 
“Through my Savings Group, it is easy to access a loan with lower interest rate. The system is easy and fast and it’s helped someone like me with my small business.” 
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