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Sol
Sol is 42 years old. He is married and resides with a 17-year-old child in Kampong Chhnang Province, Cambodia. He has been running a taxi service for more than five years, earning approximately $8 daily. His wife sells vegetables at the market. She makes an income of $2 each day. Due to lack of funds, Sol is requesting a loan of $1200 to purchase construction materials to build one more room at the ground floor of his house. This money will help him provide enough space for his family. In the future, he would like to purchase a new car to run the taxi service and help his child earn a bachelor’s degree.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 57
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sol to purchase construction materials to build one more room at the ground floor of his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 23, 2014