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Lem
Lem K., 29, is a Chinese interpreter for a garment factory, Blossom, run by a Chinese guy in Cambodia. He has an income of US$5 per day. He lives with his wife and two school-aged children. His wife stays at home and has been involved in the business of raising pigs since 1979 with an income of around US$1.6.


Seeing the chance that he is able to sell pigs with a fairly profitable price, he wants to take a loan of US$600 to buy more pigs for his wife to raise and sell them back at the right time when the price of the pigs goes up. If he succeeds with his business plan, he really wants to use his savings to build a house made from bricks.

Additional Information

About KREDIT

KREDIT Ltd. is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.

For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.

About Cambodia

  • $2,600
    Average annual income
  • 58
    View loans »
    Cambodia Loans Fundraising
  • $35,066,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Lem to buy pigs.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2009
Listed
Jul 3, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 16, 2010