Khiev R., 40 years-old, is requesting a loan of US $1,000 in order to purchase electronic equipment for one of her children to start a business. In the future, she would like to use any additional profit to repair her house. R. is a housewife and her husband is a driver for a private company, earning an income of US $5 per day.
R. is married and lives with her husband and three children in Kandal Province, Cambodia, an area known for the garment factory industry. The family has to spend US $120 on food, US$ 20 on electricity supply, and US$ 30 on other necessary expenses every month. This is her second 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.