Thaong Oin

Thank you for your loan. It has been disbursed to Thaong Oin 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.

Thaong Oin, age 60, works with her husband on their plot of farmland. She has asked a loan of $500 to purchase a water pump in stead of pull the water up from the well by using a bucket.

She first heard about Credit’s low interest from a loan officer who visited her village. She decided to ask for a loan because the interest rate of 2.5% per month is not very high and CREDIT provides a long loan term that she can afford. With the loan of $500 she received she began to purchase a water pump to water her crops. She told a loan officer that so far, her profit stills the same as before, anyway, she still happy because a water pump make her easy than before. She has been very pleased with her decision and is grateful for the ability to better support her family. So far, the farm is doing well and she has no problems paying a loan back to Credit MFI.

Again, she states that the loan is very useful as it is provide a chance to all poor entrepreneurs to start and sustain their businesses. Finally, she would like to say thanks to all lenders for interest helping Cambodian entrepreneurs like her family.