Hong E., age 40, is married and has three school-aged children. She lives with her husband and children in Takeo province. She sells food at a tourist place in her province, earning approximately US $3.00 per day. Her husband operates a motor-taxi in the provincial town, earning an income of US $2.00 per day.
The financial crisis has been difficult for business in Cambodia this past year. This factor has played into a difficult economic year for much of the country, E. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, E. is seeking to increase her income. She is asking for a loan of US $300 to purchase wood to build small benches for tourists to sit on when they visit the river. By doing so, she hopes she will be able to generate more income and save more money to raise her family's standard of living.
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.