Lak M., age 27, is a widow with a young child who lives in Phnom Penh. She is a massage supervisor and makes US $10.00 in profits each day. She wants to operate a massage club by herself, which would cost her about USD $2000. She would like to take a loan of US $1000 to open a massage club in a beauty salon.
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.