Korn C., age 41, works as a construction builder with an income of $4 per day in Phnom Penh City. She is married and lives with four children who have all dropped out of school. They help their father who works as a construction foreman with an income of $6 per day. Because Chard wants to have a better standard of living, she is asking for a loan of $1000 to buy a motorbike in order to enable her to have a business selling shacked-coconut juice. She thinks the expected business, in which she plans to invest both her loan and efforts, will generate more income for her family.
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.