Pen Y., 40, is married and lives with her four children in the Takeo province. She is a farmer who works for US$3 each day, while her husband is a worker making US$2 per day. The weather conditions have been difficult for farming in Cambodia this past year and inflation has caused food prices to skyrocket. These factors have played into a difficult economic year for many Cambodians, Pen Y. included. In light of these economic difficulties, she is asking for a loan of US$400 to purchase farmland, a water pump and pipe. In order to increase her profits and possibly raise her standard of living, she would like to purchase more land to produce fruit with the loan given to her through CREDIT.
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.