Len P., 52, is married and resides with her husband and three children in Siem Reap province, Cambodia, an area known for Angkorean temples. P. and her husband produce traditional baskets to sell, earning an income of 3 USD each per day. One of her children is employed as a chef, earning an income of 4 USD per day to help cover the family's expenses.
Each month, the family has to spend 15 USD on food and 60 USD on other necessary expenses. P. is requesting a loan of 700 USD to purchase a plot of farmland to improve the family's farming. In the future, she would like to use the additional income to repair her house. This will be her third loan from CREDIT, a long standing Kiva partner.
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.