S. Chanthy, 43, has made coffee and instant noodles to sell since 1998 with a daily income of $12. Her husband, 46, is a motor-taxi driver who earns $5 per day. Together, they have 3 children who are all of school-age, so they need to earn more to balance their income and expenses. Due to the reason mentioned earlier, she wants to take a loan from Kiva of $700 to expand her current business. If her business succeeds, she will be able to build a new house and also support her children to study at a good school.
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.