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Phat
Mr. Phat P., 48, and his wife, Mrs. Somaly Kong, 35, married in 1992 and have three children: two sons who attend school and one daughter who has full-time employment in a plywood factory. The family lives along National Road Number Six about 17 kilometers from Phnom Penh.



Phat and his wife have been growing vegetables for 10 years. Beside farming, they also sell firewood at their house. The couple hopes to expand their firewood business, that's why Phat is asking for a loan of US$ 1000 to purchase a wood-cutting machine and to buy firewood for re-sale.

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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Phat to purchase a wood-cutting machine and to buy firewood for re-sale.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2009
Listed
Feb 13, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010