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Narong
Narong, 45 years old, is the father of five children. He resides with his wife in Battambang Province, Cambodia. Narong has been running a taxi service (motor taxi) for more than two years, earning approximately $8 per day. His wife is a rice farmer who earns about $2 per day. One of her children is a construction worker who earns about $3 per day.

Because his current motorbike is old, Narong is requesting a loan of $600 to purchase a new motorbike to run his taxi service. This purchase would enable him to attract more customers and earn more income to support the family. In the future, Narong would like to expand his business and help his children earn their Bachelor’s degrees. Moreover, he hopes to rebuild his house to make it more comfortable for his family.

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
  • 308
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Narong to purchase a new motorbike for his taxi service.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013