Ches V., 44, is married and resides with his child in Kampong Cham province, Cambodia, an area known for rubber plantations. V. sells cows, earning an income of USD 12 per day. His wife is a tailor, earning an income of USD 2 per day to help cover the family expenses. Each month, the family has to spend USD 58 on food and USD 40 on other necessary expenses.
V. is requesting a loan of USD 1200 to purchase a motorbike to commute to buy cows. In the future, he would like to use any additional income to repair his house. This will be his first 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.