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Somaly
Somaly is a widow mother with one son and two daughters. She lives in a village along National Road Number Five about 17 kilometers from Phnom Penh City.

Somaly transferred her grocery store to her daughter because she has full-time employment. Previously, she requested a loan to buy a motorcycle and her daughter uses that motorbike for commuting and to carry grocery items from market to home.

Hence Somaly decided to apply for another loan of $1,200 to buy one more motorbike to drive to work.

Photo: Somaly is standing in her daughter’s grocery store.

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
  • 170
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Somaly to purchase a motorbike to drive to work.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2011
Listed
Jul 26, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012