K. has been growing rice and vegetables since he was married and started another business raising cows and chickens. Mrs. Phal Sok has been a garment factory worker for one year. The couple wants to repair their house to make it bigger and more comfortable, because their old house is small and broken in some parts. They don’t have enough money to repair it, so K. is requesting a loan of $800 to purchase wooden materials and zinc to make the repairs.
About MAXIMAMAXIMA Mikroheranhvatho is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services. Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid