Soy C., 48, is widowed and resides with her three children in Takeo Province, Cambodia, an area known for pre-Angkorian temples. She produces cow ties and sells nylon ties for an income of about USD 2.60 per day. Her children help her with the business. C. is requesting a loan of USD 1,000 to purchase more nylon and ties for resale. In the future, she would like to use any additional profit to send one of her daughter to study hairdressing. This is her second loan from CREDIT, a long-standing Kiva partner in Cambodia. C. is pictured with her daughter in the photo.
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.