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Sokveng
Mr. Sokveng C., 57 (pictured with is wife), has been an assistant of commune leader for almost 25 years. His wife, Mrs. Ly Hak, 51, stays at home and does housework. They have been married since 1975 and have five children: 2 sons and 3 daughters. Two of them have full-time employment and other two are in school. The family lives along national road number one apporximetely15 kilometers from Phnom Penh, the capital city of Cambodia.

Sokveng’s children don’t have transportation for commuting to school and they spend a lot of money for traveling costs very often. Therefore, Sokveng is asking for his first loan of $1,200 to purchase a motorbike for his children to drive to school.

Additional Information

About MAXIMA

MAXIMA 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 Cambodia

  • $2,600
    Average annual income
  • 95
    View loans »
    Cambodia Loans Fundraising
  • $35,461,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sokveng to purchase a motorcycle for his children to drive to school.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010