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Phein
Phein is 35 years old, married, and has three children. She resides in Kampong Chhnang Province, Cambodia. She has been selling sweet cakes for more than four years, earning approximately $8 per day. Her husband is an arc welder who earns about $5 per day.

In order to improve her husband’s business, Phein is requesting a loan for $600, which she will use to purchase an arc welding machine for her husband to use in his work. In the future, she would like to expand her business and help her children earn bachelor’s degrees. Moreover, she hopes to build a new house as soon as possible.

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
  • 290
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Phein to purchase an arc welding machine for her husband to use in his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2012
Listed
May 3, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013