Kuch N., aged sixty, is married and lives in Takeo province with her three children. She and her husband sell dried and fermented fish at the market, making around US$7 each day, and are also supported by one of their children who works as a mechanic. Inflation has caused prices to soar in Cambodia, and recent hikes in oil and rice prices have caused economic struggles for many Cambodians. Looking for ways to increase her income and combat rising costs, Kuch N. has asked CREDIT for a loan of US$1200 to purchase more fish to sell. She sees this loan as an opportunity to increase her income and to expand her business.
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.