Chourn R. is a 65 year-old widow who resides with her two childR. in Phnom Penh City, Cambodia. She is a barber and also collects recycled materials for sale. By doing so, she is able to earn an income of approximately $3 per day. One of her childR. is employed at a local garment factory, earning $7 per day to help cover the family expenses. The family's standard of living has been improved since R. started her business, so she wants to have a loan to expand it.
R. requested a loan of $1000 to buy more recycled materials for sale. This is her first loan from CREDIT, partnered with Kiva.
About KREDITKREDIT 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.
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