Chel N., 45, is married and resides with her husband and four children in Kandal Province, Cambodia, an area known for fertile farmland for growing vegetables. N. sells sugar cane, earning an income of USD 3 per day. Her husband is a farmer, earning an income of about USD 3 per day to help cover the family expenses. The family has to spend USD 45 on food, USD 10 on electricity and water supplies, and USD 15 on other necessary expenses every month. N. is requesting a loan of USD 1200 to purchase more sugar cane to resell. In the future, she would like to use any additional profits she can earn 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.