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Meng
Meng P. is 32 and married with a child. She lives with her family in Takeo Province, Cambodia, an area known for pre-Angkorean temples. Meng is employed at the local factory and earns a daily income of 2 USD. Her husband produces traditional cakes and earns a daily income of 3 USD to help cover the family’s expenses. Each month, the family has to spend 40 USD on food and 60 USD on other necessary expenses.

Meng is requesting a loan of 1,000 USD to purchase supplies to improve her husband’s cake production business. This will be her third loan from CREDIT, a longstanding Kiva partner. In the future, Meng would like to use any additional income to repair her house.

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
  • 101
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Meng to buy cake production supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2011
Listed
Jan 18, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011