Beg C. T. is thirty years old and married with three young children. She lives with her husband in Takeo Province. She is engaged in a business of selling food, typically earning an income of $3 a day. Her husband also plays a major role in the family, generating income through his employment as a construction worker, earning $2 a day.
The world's financial crisis has been difficult for businesses in Cambodia this past year. This factor has played into a difficult economic year for much of the country, including Beg C. T.'s family. The country's economic struggles always seem to affect the poor the most. In light of the country's difficulties, she is seeking to increase her income and improve her business. She is asking for a loan of $800 to buy more fish and chickens, a purchase that she sees as a great opportunity, as she can resell them at a fair and profitable price.
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.