Kung Mab

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

Kung Mab, 33, lives with his wife and two children in Battambang, Cambodia. Kung is a recycler, and his wife buys and sells vegetables. Kung requested this loan so he could have more money to purchase recyclable items to resell.

I recently visited Kung's home to ask about his loan and his businesses. Kung wasn't home, so I spoke with his wife, who told me that he used $900 of the loan to buy a motorcycle. Kung uses it to drive around the village and collect recyclable materials. He used the remainder of the loan to buy vegetables for his wife's business.

Kung earns about $5 per day, and his wife earns around $2. They typically save around $12 per month, but it's difficult to keep it up because his wife has kidney problems. They have paid over $75 to date to pay for treatment (a very large amount of money for this family).

In the past five years, life has improved significantly for the family; they have a new motorcycle, better food to eat, and more business chances. In the future, Kung's wife wants to buy a cart so she can sell things like rice, fish paste, and salt door-to-door.

(For those viewing this update in email, this lender's profile can be viewed here: http://partners.kiva.org/app.php?page=businesses&action=about&id=70546, and all loans from CREDIT MFI in Cambodia can be viewed here: http://partners.kiva.org/about/aboutPartner?id=9)"