Funded

Total loan: $1,000
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Lach


A loan of $1,000 helped to buy rice and a motorbike.


Lach's story

Lach R., 48, is a widower and rice miller who lives in Kampong Cham province with one of his children. He typically makes $3 a day and is supported in part by his children.

Because his children are the biggest sources of his income, Lach R. wants to help them. With a loan of $1,000 from CREDIT, he wants to buy a motorbike to transport his children to and from work. This will cut down on public transportation costs that are a big part of family expenses. He also wants to buy some gas for the motorbike and some rice. He hopes to make a profit from the rice by buying it with the husk attached and taking it off for resale.

Lach R. has an entrepreneurial mindset and is always seeking ways to diversify his family’s income. In the future, he hopes to replace his old rice mill, because he believes that a new one will increase his income further.



Loan details

Loan length:

20 months
Disbursed date: July 18, 2008
Facilitated by Field Partner: KREDIT Microfinance Institution Plc.

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: July 18, 2008
Facilitated by Field Partner: KREDIT Microfinance Institution Plc.