Story of Chea, farmer

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Live: 26 loans to fund

This month: 151 loans funded thanks to 573 Babyloan lenders

Overall funds raised: 23 million euros!

Chea

Farmer

Chea Chom, 54 years old, lives with her husband and children in their humble house in the very heart of rural Cambodia. Her husband’s earnings as a farmhand were not high enough to feed the family, so Chea took charge and set up a vegetable patch where she grows fresh produce to sell at the market. Chea combines her green thumbs with a head for business and, fueled by her will to provide for her children, she decided to start farming pigs, which she achieved thanks to microcredit.

Thanks to microcredit, I am going to be able to improve my children’s living conditions, and perhaps even to pay for my daughter’s wedding!

The impact of microcredit on Chea's life: Microcredit gave Chea the means to buy three piglets to raise and fatten up for 15 weeks. She sold two of them to a butcher on the market for a price that allowed her to purchase a piece of land where she can now produce enough to feed more pigs. The monthly repayment of the loan is absolutely no trouble for her, and she has her mind set on using the benefits she generates to expand her pig farm!

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All stories of microentrepreneurs

Babyloan is a social business founded by Arnaud Poissonnier, which combines microcredit, solidarity finance and crowdfunding. On Babyloan you make a solidarity loan: you choose a micro-entrepreneur in Europe, Asia, the Arab World, Sub-Saharan Africa or Latin America, who pays you back every month of your loan. In line with the idea of Muhammad Yunus, and his Grameen Bank, we are developing a social microfinance program for microentrepreneurs (mainly women) excluded from the banking system. While the impact of microcredit is complex to measure, we focus on lending low-cost money to our partners, Microfinance Institutions, in order to lower their interest rates. On Babyloan, you can also offer a solidarity gift, or develop your company's CSR approach, via our solidarity challenge platform in particular.

Babyloan edited by ABC Microfinance is registered as Intermediary in Crowdfunding to ORIAS under the n°17005376

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