Rem C., 53, is married and resides with her husband and three children in Takeo Province, Cambodia, an area known for pre-Angkorean temples. C. and her husband are farmers, earning an income of about USD 1 each per day. Two of her children are employed at factories, earning an income of USD 3 each per day to help cover the family expenses.
C. has to spend USD 40 on food, USD 5 on electricity and water supplies, and USD 60 on other necessary expenses every month. C. is also a skillful weaver, so C. is requesting a loan of USD 500 to purchase raw silk to produce more silk products. 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.