Mrs. Chorn R. is 34 years old and lives with her husband and four children in Phnom Penh, Cambodia. R. has a small stand where she sells vegetables at the local market. Her husband, meanwhile, grows vegetables (which R. then sells at the market) on a plot of land that the family owns. Together, they are able to make about $5 per day. Of their four children, one works at a local garment factory, while the other three are still in school. They hope to use this loan to purchase a motorcycle so that they can transport the vegetables from their farm to R.'s stall at the market. Additionally, they need to buy fertilizer and seeds for R.'s husband to use to grow vegetables. In the future, they hope to expand their business and grow more vegetables.
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.