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Phoung
Phoung S., 43, is married and lives with his five children in Phnom Penh City, Cambodia in the Mean Chhey District.

S. and his wife have been involved in growing morning glories for sale since 1998 and are able to earn an income of $9 per day. The family is also assisted by two of his children who are currently working at a restaurant. Each earns an income of $5 each per day to help cover the family expenses.

S. and his children try to work hard every day to ensure a good standard of living for the family. And they are seeking to improve their businesses.

As a result, he is requesting a loan of $1000 from CREDIT, Kiva’s partner. He wants to use the loan to purchase seeds to grow more morning glories for his existing customers at the market. This is S.’s first loan from CREDIT.

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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $36,604,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Phoung to buy morning glory seeds.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2009
Listed
Jan 19, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 16, 2011