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Sophorn
Sophorn is 61 years old. He is married and resides with three children in Kampong Chhnang Province, Cambodia. He has been working in the health department for more than six years, earning approximately $2 daily. His wife is a housekeeper. All of his children are employed. Together, they make an income of $9 each day. Due to lack of funds, Sophorn requests a loan of $1500 to purchase construction materials to build a new house. This money will help him provide better living conditions for the family. In the future, he would like to establish a grocery store for his wife to operate and to generate more income to financially support the 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 195
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sophorn to purchase construction materials to build a new house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 23, 2014