Chea S., 60, is married and lives with her husband and three children in Takeo Province, Cambodia, an area known for pre-Angkorean temples.
S. is a farmer, earning an income of USD 2.50 per day and her husband buys cows to resell for an income of about USD 4 per day. Two of her children are employed, earning an income of about USD 4 each per day to help cover the family expenses. Every month the family has to spend USD 35 on food, USD 8 on their electricity supply, and USD 30 on their children’s education.
S. is requesting a loan of USD 1,200 to enable her husband to purchase more cows to resell. In the future, she would like to use any additional profit to repair her house. This is her 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.