Chen P. is 34 years old and lives with her husband and five young children in Takeo province. Since 2008, she and her husband have been raising chickens and ducks for eggs to earn a living and are able to make about US$4 of profit each day. Before raising chickens and ducks, the couple grew rice and vegetables to raise their standard of living, but this work allowed them to earn very little money.
Five of their children are in school, and they need more money to support their studies. Chen P. gives her children 1,000 to 1,500 Riel (approximately USD 0.24 to USD 0.36) a day. Now, Chen P. would like to take out a loan of US$1,200 to raise more ducks and chickens.
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.