Chum P. lives with her family in Takeo province, Cambodia, an area known for its pre-Angkorean temples. P. is a weaver, earning an income of $2 USD per day. Her husband sells palm products, earning an income of $4 USD per day. Each month, the family has to spend $25 USD on food and $50 USD on other necessary expenses. P. is requesting a loan of $1,000 USD to purchase groceries to start a new business. In the future, she would like to use the additional income to repair her house. This will be her 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.