Korn S., 53, resides with his family in Kampong Cham province, Cambodia, an area known for rubber plantations. S. and his wife are farmers and grow vegetables, earning an income of $7 per day. Each month, the family has to spend $56 on food and $28 on the other necessary expenses.
S. is requesting a loan of $1,200 to purchase cows to raise for sale. In the future, he would like to use the additional income to repair his house. This will be his first loan from CREDIT, a longstanding 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.