Check out some available loans that are similar to this one!
Somoun
Somoun is 58 years old. He is a widower and blessed with two children, living in Kampong Speu Province, Cambodia. He is a soldier who makes an income of $4 daily. His children are employed. They earn about $6 each day.

Due to lack of funds, Somoun is requesting a loan of $500 to purchase construction materials to complete building his house. This money will help him provide better living conditions for his family. In the future, he would like to run an additional business 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
  • 186
    View loans »
    Cambodia Loans Fundraising
  • $37,012,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Somoun to purchase construction materials to complete building his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2014