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Kan
Kan K., age 60, is married and has two children. He lives with his wife and children in Phnom Penh City. To make a living, he rents spare rooms of his house to the other people, earning approximately US $10 per day. This amount of income is the primary source of income of the family. The family is also assisted by the two children: one of them is a grocery seller, and another one works as a soldier to serve the country.

The financial crisis has been difficult for business in Cambodia this past year. This factor has played into a difficult economic year for much of the country, K. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, K. is seeking to increase his income. He is asking for a loan of US $500 to purchase construction materials to build more rent house for his customers. By doing so, he hopes he will be able to generate more income to raise a good standard of living for his family.

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 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.

About Cambodia

  • $2,600
    Average annual income
  • 312
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Kan buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2009
Listed
Aug 24, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010