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Socheat
Mr. Socheat T., 28 and his wife, Mrs. Sreymom Boeun, 19, married in 2006 and just have one young daughter. The family lives along National Road Number Six about twenty kilometers from Phnom Penh.



Socheat has been a blacksmith for seven years and started his own business five months ago. Before he started his own shop, he was employed in a shop near his village. His wife stays at home to take care of their daughter. Socheat lacks money to expand his business so he is requesting his first loan of US$ 1000 to purchase blacksmith's materials for his new shop.

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
  • 257
    View loans »
    Cambodia Loans Fundraising
  • $37,529,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Socheat to purchase blacksmith's materials for his business.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2009
Listed
Feb 11, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009