A loan of $1,000 helped purchase motorbike and invest in fod business.

Sovanara's story

E. Sovanara came to the CREDIT office with his mother, Ngen Sophan. He was requesting a $1,000 loan to invest in his food sales business and she came as his guarantor. Sophan must trust her son to guarantee such a loan. She is confident because Sovanara has successfully completed his first two loan cycle and was able to improve his house and to start the business.

Sovanara and his wife can make around $5 per day in cooking and selling food to the factory workers. Sometimes Sovanara is also earning some extra money as a moto-taxi. They have never been late in their repayment schedule because they save on a daily basis.

With his 3rd loan, he decided to buy a second motorbike. He will spend $800 in a strong second-hand motorbike and will keep the old one in case of emergency. Sovanara will use the remaining $200 to buy spices but also to cover the delayed payments he is granting to some of his clients.

In the future, the family has a plan to start another business. They would like to buy a cow and raise it for its calves.

Loan details

Lenders and lending teams

Loan details