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Chanthet
Chanthet, age 26 and unmarried, earns an income by selling rice and other food items in front of a garment factory. His customers are the garment workers who are employed there.

Chanthet lives with his widowed mother in a suburb of Phnom Penh.

He is requesting a loan in the amount of $1,500 in order to purchase his own motorcycle so that he can transport his goods to the selling place. He needs this because he has been using a relative's motorcycle and it is not always available. He will use his loan funds to purchase a motorbike and a trailer that will connect at the back, which will allow him to more efficiently transport rice and food items to the factory.

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
  • 289
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Chanthet to buy a motorcycle to transport rice and food items to offer for sale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014