Sovan S., 42, is married and resides with his wife and four children in Battambong Province, Cambodia, an area known for good quality rice products. He is a motor-taxi driver and is able to earn an income of about USD 5 per day. His wife provides laundry services in her village, earning an income of USD 2 per day to help cover the family expenses.
S. is requesting a loan of USD 1,000 to purchase a new motorbike because his motorbike is old and consumes a lot of gasoline. This is his first loan from CREDIT, a long-standing Kiva partner in Cambodia.
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.