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Kosal
Mr. Kosal V., 39, and his wife, Mrs. Sarim Chok, 35, live along National road number six, about twenty kilometers from Phnom Penh. They were married in 1989 and have four children: three sons and one daughter. Their first son just finished learning how to be a blacksmith and wants to operate his own business. Two of the other three children attend the local school and the youngest one is still at home.

Mrs. Kosal has been a mason since 1986, a skill he learned from his uncle. For two years, Mrs. Sarim has been in the business of renting snooker tables to the villagers so that they can play snooker at her home. She earns about US$4 to $5 per day from her business. The couple lack the required funds to operate a blacksmith business for their son who has just become a blacksmith. Mr. Kosal is requesting a loan of US$1,000 to purchase a welding machine for the blacksmith business.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 3,990.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Kosal to purchase a welding machine to operate a blacksmith business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 7, 2008
Listed
Jun 13, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010