Lorn Vatt

Thank you for your loan. It has been disbursed to Lorn Vatt 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.

Lorn Vatt, 42, is a widow living with her two children in Battambang, Cambodia. Lorn grows rice and sells groceries. She requested this loan so she could buy more groceries and repair her house.

I recently visited Lorn to ask about her loan, and to learn more about her businesses. Lorn said she used the loan plus 18000 Thai Bhat (approximately USD $600) that she raised by selling three cows to rebuild her house, a clean, wood and concrete building. Lorn said that she earns about $12.50 per day, but that she must reinvest most of it to buy more groceries. During the peak season, she can earn around twice as much. She doesn’t have any savings because she must make repayments on this loan.

Lorn said that things were improving until the economic crisis came. She said she will be unhappy until she can earn more money so she can pay to treat her son’s illness (a type of chronic headache), and so she can buy better food. Lorn said she doesn’t have any dreams for herself, and that she thinks that her children will continue to be poor farmers because they left school at a young age.

(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=75011, and all loans from CREDIT MFI in Cambodia can be viewed here: http://partners.kiva.org/about/aboutPartner?id=9)"