Unn P., 49, is married and lives with six of her children in the Takeo province. She and her husband are farmers who typically make about $1 each day and are supported by one child who works in the garment factory.
This couple also works at collecting palm juice to sell in the community. The weather conditions have been difficult for farming in Cambodia this past year, and inflation has also been out of control. These factors have played into creating a difficult economic year for many Cambodians, Unn P. included.
In light of these economic difficulties, Unn is asking for a loan of $650 to make a new investment. She would like to raise cows from calves and then sell them. She is confident that this loan will allow her to increase her daily income and to better support her family.
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.