The debt cycle is a significant problem for many families in Cambodia. With limited earning opportunities and financial literacy, countless households are forced into a relentless loop of borrowing just to survive. Faced with rising expenses for healthcare, education, or even daily sustenance, families often turn to borrowing as a short-term solution, only to find themselves deeper in debt. Repaying loans becomes nearly impossible, forcing them to borrow more just to cover basic needs—a cycle that is hard to escape.
Without holistic solutions that address both the root causes of debt and the immediate needs of families, this cycle continues unchecked. But this is where The Village Hive steps in with a unique, early intervention journey that tackles every layer of the debt cycle.
The Village Hive starts by providing families with direct support payments to cover their immediate needs, relieving the chronic stress that debt brings. This allows families to focus on their own economic development instead of survival. Next, they are equipped with essential financial literacy skills, vocational training, and business development opportunities, empowering them to generate income and manage their finances effectively.
Through this seven-step journey, families are not only able to meet their basic needs and repay their debt, but they also start building savings and planning for a better future. The results speak for themselves. Families who complete the Village Hive early intervention journey are able to increase income by 142% and save 14% of their income.
Pisey’s story perfectly illustrates how holistic early intervention can transform lives. Once burdened with insurmountable debt, she turned her life around with the help of The Village Hive. With financial training and business skills, she repaid her debt and secured a brighter future for her family, showing how financial freedom is possible with the right support.
