Sok V., 33, is married and resides with his wife and two children in Siem Reap Province, Cambodia, an area known for its temples. V. is a construction worker, earning an income of about U.S. $6 per day. His wife is a farmer and recycler, earning an income of about U.S. $4 per day to help cover their family expenses.
Every month, V. spends approximately U.S. $60 on food, U.S. $15 on electricity and water supplies, and U.S. $15 on other necessary expenses. V. is requesting a loan of U.S. $600 to purchase a motorbike for family use. In the future, he would like to use any additional profit to repair her house. 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.