Meng K., 51, is a teacher for a public school, earning an income of $4 per day. K. is married and resides with his wife and two children in Takeo Province, Cambodia, an area known for pre-Angkorean temples. His wife is a farmer, earning an income of $2 per day.
The family has to spend $45 on food, $5 on electricity supply and $80 on other necessary expenses every month. K. is requesting a loan of $1,200 to purchase a motorbike for the family to use. In the future, he would like to use any additional profit to repair his house. This is his 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.