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Nit
Nit is 33 years old. He is married and resides with his mother and three children in Takeo Province, Cambodia. He has been making brooms to sell for more than five years, earning approximately $4 per day. His wife is employed in a garment factory and earns about $3 daily. In order to improve his family’s finances, Nit is requesting a loan of $600 to purchase brooms from villagers to resell. By doing so, he would earn more income to support the family. In the future, he would like to expand his business and help his children earn bachelors degrees.

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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Nit to purchase brooms from villagers to resell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013