Veoun, age 63, is married and resides with his wife and child in Phnom Penh City, Cambodia.
He is engaged in a business as a motorbike repairman, earning an income of $5 per day to help cover the family expenses. Their standard of living has been improved since Veoun has had this business.
Veoun is requesting a loan of $1,000 to purchase motorbike spare parts to resell and improve his business. This is his third loan from CREDIT, a partner of Kiva.
KREDIT Microfinance Institution Plc., 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.