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Growing Rice Farm with TPC Loan
Ms. So Soth
Mr. Neang Sokha and his wife, Ms. So Soth live in New Village in the Svay Chrum district of Svay Rieng province. Their house is about 10 Km from Svay Rieng town. They have 3 children, 2 boys and a baby daughter.
Ms. So Soth has been a TPC client for 2 loan cycles starting in 2012. She is a member of Thaneakea Phum Loan (village bank loan product) with a 1 million riels loan (about US$ 250).
As part of TPC’s service offering, Ms. So Soth requested to repay interest monthly and principal at the maturity date.
Her husband [Mr. Neang Sokha] is very industrious; he is a farmer, a laborer, and a construction worker. Their household depends on a plowing tractor and 1 hectare farm land.
“My husband farms rice 2 to 3 times per year and uses the tractor to plow for other farmers for additional income” she said.
“Farmers in the village like my husband, and usually call him to plow their farms. Sometimes, his services are in such high demand that some farmers are upset when he cannot tend their fields because he is busy with other farms. Anyhow, there is not much we can do because he has only two hands!” She said smiling.
Before getting a loan from TPC, Ms. So Soth had difficulty in managing her cash to buy materials and inputs during farming time.
“I did not have enough cash to buy materials and fertilizer. It was difficult to pump the water into field because I did not have a pump” she said.
“But with the Thaneakea Phum Loan, I can now buy fertilizer in large amounts (making the price cheaper) and I dug several wells to pump water into the field with our new pump.
Ms. So Soth and Mr. Neang Sokha use a hand tractor to plow rice fields. They were able to buy a motorbike thanks to Thaneakea Phum Loan.
Our farming job is easier than before. With the income I made from improved farming, I was able to buy a motorbike for my husband so he can travel to work and to the field” she continued.
Besides farming, Mr. Sokha works as a construction worker in Svay Rieng and Mrs. Soth raises pigs and feeds her neighbor’s ducks and chicken for additional income sources. She recently sold all the pigs and the income was enough to help them through the medical bills when she delivered a baby.
Mr. Neang Sokha spreads rice seed during the rainy season
“When we talk about future plans,” she said, ”my husband does not want me to work anywhere else besides home so I can take care of our children.” Higher income from farming allows Mr. So Soth to focus on her family.
“When my baby grows up, I will continue the pig raising business, and will even set up a gasoline stall and grocery store in front of our house.” When it is time to expand her business, Mrs. So Soth plans on taking a loan from Thaneakea Phum (Cambodia) for additional capital.
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