Boin Hoar

Thank you for your loan. It has been disbursed to Boin Hoar by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Mrs. Boin Hoar lives in Kampong Cham Province, northeast of the Capital Phnom Penh with her husband and children where she raises pig and her husband sells firewood and charcoal. She took out a loan of $1,200 which was dispersed on December 8th, 2007 to purchase firewood in bulk to capitalize on the bulk rate price increasing her profit margin. With the loan she purchased wood and a cow making it easier for her to transport the wood to market and to her clients. They were previously earning $10 per day and now earn $12 per day. With the additional money she is purchasing more wood and buying food for her family.

Mrs. Boin Hoar heard about CREDIT-MFI through a promotion in her village. She decided to take a loan from CREDIT-MFI because of the low interest rate and the quality of service. This is the first time she has taken out a loan, and has been very pleased with the friendly, quality services she has received from CREDIT-MFI. She has faced very few difficulties in running her business and has been prompt in her loan repayments.

Mrs. Boin Hoar would like to see her family’s business of raising pigs and selling firewood and charcoal to grow, and she is satisfied with the growth the loan has enabled. Once she has paid off the loan, she would like to apply for another loan to expand her business further.

Thank you so much for your generosity and kindness to Mrs. Boin Hoar and her family. CREDIT-MFI appreciates your help and looks forward to partnering with you again in the future to continue to provide quality financial services to Cambodia’s small business entrepreneurs.