Kit S., age 28, is married and has three school-age children. She lives with her husband in Siem Reap province. She owns a business producing Cambodian traditional cakes, typically earning $1 per day. Her husband’s business is the primary source of income for her family. He is a construction worker, typically earning $4 per day.
The financial crisis has been difficult for businesses in Cambodia this past year. This factor has played into a difficult economic year for many, S. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, S. is seeking to increase her income and improve her husband’s business. She is asking for a loan of $300 to purchase a motorbike, a purchase with which she sees an opportunity to raise her standard of living. By doing so, her husband will be able to commute to work easier and faster to his long distance construction site.
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.