Tea M., 25, is married and lives with her husband and a child in Kampong Chnang Province, Cambodia, an area known for its palm products. M. is employed at a local garment factory, earning an income of USD 2.50 per day. Every month the family has to spend USD 44 on food and USD 10 on electricity supply.
M.’s husband produces metal axes, earning an income of about USD 4 per day. M. is requesting a loan of USD 1,000 to purchase more metal to improve her husband’s business. In the future, she would like to use any additional profit to repair her house.
This is M.’s first loan from CREDIT, a long-standing Kiva partner in Cambodia. M.'s husband appear in the photograph because M. is not available.
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.