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Mom
Mom is 39 years old. She is married and resides with four children in Kampong Speu Province, Cambodia. She has been working in a garment factory for more than five years, earning approximately $3 per day. Her husband is a security guard who makes an income of $5 daily. One of her children is also employed in a garment factory. She earns about $3 each day.

Due to the lack of funds, Mom is requesting a loan of $1,500 to purchase timber to build a new house. This money will help her provide better living conditions for the family. In the future, she would like to run an additional business and help her children earn bachelor’s degrees.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mom to purchase timber to build a new house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015