Ms. Chim S., a 38-year-old widow with two children, lives in a suburb of Phnom Penh, Cambodia. She has been struggling to work very hard for her two children since her husband passed away many years ago. S. operates a grocery stand in her village that makes a profit of about $2/day. One of her children works in a restaurant in Phnom Penh, while the other one is enrolled in secondary school in the 7th grade.
S. is asking for a $1000 loan to expand her grocery stand by purchasing more products.
She eventually hopes to have enough money to own a big grocery store.
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.