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Chey
Mr. Chey Samnag is 35 years old and lives with his wife and their child, who is of schoolgoing age, in Phnom Penh, Cambodia. To provide for his family's living expenses, he works as an electrician fixing TVs, radios and other electrical equipment . He makes about $5 a day on average. His wife is a landlord and rents different rooms to the people in her community, earning about $2 each day.


Due to an increasing demand for rooms, this couple hopes to effectively use this $300 loan to build more rooms to earn more for their family's expenses.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,555,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Chey to build more rooms to accommodate his tenants.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 5, 2007
Listed
Aug 22, 2007
Currency Exchange Loss:
N/A
Ended:
Jul 6, 2008