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Somath
Somath is 33 years old. She is a married woman of three children in Kampong Chhnang Province, Cambodia. She and her husband are factory laborers. Both of them can earn approximately $15 per day. She would like to apply for a loan of $1,500 to purchase a motorbike for providing transportation service to clients. This loan will help her husband make more income for the family. In the future, she hopes that she can open a tailoring shop and her children can get bachelor 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 193
    View loans »
    Cambodia Loans Fundraising
  • $36,983,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Somath to purchase a motorbike for providing transportation service to clients.
86% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
N/A