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Ne
Mr. Ne N. (pictured with his wife, daughter, and nephew), has been married since 2004 and they have two children: one son who attends school and one young daughter. The family is living in a small village off of National Road Number Two about fifteen kilometers from Phnom Penh.

Ne has been driving a motor remorque for over two years; 'remorque' is a motorbike with a trailer at the back. His wife has been a garment factory worker for over eleven years as well.

Ne’s wife does not have transportation for commuting to work, so she needs to spend a lot of money for traveling costs. Facing this, Ne is applying for loan of US$ 1,000 to purchase a motorbike for his wife to get work.

When she has her own transportation, Ne’s wife will be able to save some money by not spending it on traveling costs any more.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,861,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ne to purchase a motorbike for his wife to drive to work.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2010
Listed
Mar 4, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010