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Sipha
Mrs. Sipha P., 37, and her husband, Mr. Chhang Sovann, 35, were married in 2000 and have two children: a son and a daughter--one is in school and one is too young for school. Besides her children, her elderly mother and a sister live with them. The family lives along National Road Number 6, about 29 kilometers from Phnom Penh.

Sipha and her husband sell food, coffee, and dessert in front of their house. The couple wants to start another business, a motorcycle cleaning service. To accomplish this goal, Sipha is applying for her first loan of $1000 to buy a pressure washer and an air compressor. She will use the rest of the loan to build her motorcycle cleaning 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
  • 275
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sipha to purchase a pressure washer, an air compressor, and to build a motorbike cleaning shop.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2009
Listed
Mar 6, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010