Yen C., 45, is married with four children. She resides in Kampong Cham Province, Cambodia, with her husband and children. To make a living, she runs a business selling balloons, earning collectively an income of US $8 per day. Her husband always helps his wife in the business. The family is also assisted by three of her children who are able to earn an income of US $2 each per day to help cover the family expenses. C. and her husband are seeking to improve their standard of living and generate a better income. Therefore, C. is asking for a loan of US $1000 to purchase a car to operate a new business, selling kitchen utensils. This car will enable C. and her husband to transport those utensils easily for sale in her province. This is her first loan from CREDIT, Kiva’s partner.
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.