Chea N., 32, is married and lives with her husband and three children in Kampong Cham Province, Cambodia, an area known for rubber plantations. N. produces traditional baskets to sell, earning an income of about US $3 per day. Her husband is a famer and a construction worker, earning an income of about US $3 per day. N. has to spend US $50 on food, US $5 on electricity and water supplies, and US $15 on other necessary expenses every month. N. is requesting a loan of US $1,000 to purchase a plot of farmland to produce more rice. 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.