Khun C., aged 39, is a builder who often travels long distances to find work at a building site. He typically earns an income of US $3.50 per day to cover his family’s expenses. He has to work hard for many hours to ensure a good quality of life for his family. His wife is unemployed, but she is responsible for any household tasks.
They are blessed with four children, two of whom are students, and the rest are employed with reasonable wages. C. plans to purchase a motorbike to operate an additional business of providing transportation services to generate more income, so he really wants to take out a loan of US $1000 to buy a new motorbike.
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.