Toch M. is 50 years old and married. She resides with her husband and six children in Seim Reap Province, Cambodia, an area known for the Angkor Wat temple. M. produces traditional baskets to sell, earning an income of about USD 2 per day. Her husband is a farmer, earning an income of about USD 1 per day. Mao has to spend USD 50 on food, USD 5 on electricity and water supplies, and USD 45 on other necessary expenses every month. M. is requesting a loan of USD 1000 to purchase a motorbike for the family use. In the future, she would like to use any additional savings 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.