Yoy C., 28, is requesting a loan of USD 700 to purchase a new motorbike to improve his business. In the future, he would like to use any additional profit to repair his house. C. is married and resides with his wife and child in Kandal Province, Cambodia, an area known for its garment industry.
C. is a meatball seller, earning an income of USD 15 per day. The family has to spend USD 60 on food, USD 7 on electricity supply, and USD 17 on other necessary expenses every month. 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.