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Laghn
Laghn S. is 47 years old and lives with his wife and six children in Phnom Penh, Cambodia. S. and his wife sell cosmetic products to factory workers in their village. Two of their children are garment factory workers and the other four attend school, but they help their parents with the family business when not at school. S. and his wife hope to use part of the loan to expand their business and the remainder to repair their house to protect it from leaking during the rainy season. In the future, S. hopes to expand his business and open a stall at the nearby market. Also, he hopes to some day build a house to rent to the garment workers in his village.

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.

About Cambodia

  • $2,600
    Average annual income
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Laghn to expand business by purchasing more cosmetics products.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 12, 2007
Listed
Apr 24, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2008