Leangheng has been selling grocery items for six years. She buys her groceries from the markets in Phnom Penh and subsequently resells them in her village. Her husband, meanwhile, has been a mechanic for over ten years. He works in Phnom Penh during the day and back home at night.
Leangheng hopes to be able to pay for her children’s future educational endeavors. As such, she is requesting her first loan in the amount of $1,000 to build a kitchen and bathroom for the benefit of her family and to expand her business by purchasing more groceries for resale.
About MAXIMAMAXIMA Microfinance Plc 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 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.
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Success!! The loan was 100% repaid