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E. Sovanara came to the CREDIT office with his mother, Ngen Sophan. He was requesting a $1,000 loan to invest in his food sales business and she came as his guarantor. Sophan must trust her son to guarantee such a loan. She is confident because Sovanara has successfully completed his first two loan cycle and was able to improve his house and to start the business.

Sovanara and his wife can make around $5 per day in cooking and selling food to the factory workers. Sometimes Sovanara is also earning some extra money as a moto-taxi. They have never been late in their repayment schedule because they save on a daily basis.

With his 3rd loan, he decided to buy a second motorbike. He will spend $800 in a strong second-hand motorbike and will keep the old one in case of emergency. Sovanara will use the remaining $200 to buy spices but also to cover the delayed payments he is granting to some of his clients.

In the future, the family has a plan to start another business. They would like to buy a cow and raise it for its calves.

Additional Information


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 Cambodia

  • $2,600
    Average annual income
  • 262
    View loans »
    Cambodia Loans Fundraising
  • $38,023,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sovanara purchase motorbike and invest in fod business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 14, 2006
Aug 27, 2006
Currency Exchange Loss:
Feb 29, 2008