Phlorng Y., 61, resides in Takeo province, Cambodia, an area known for pre-Angkorean temples. Y. and her husband are farmers, earning an income of about $1.50 each per day. Three of her children are employed, earning an income of around $3.50 each per day to help cover the family expenses. Each month, the family has to spend $25 on food and $60 on the other necessary expenses. Y. is requesting a loan of $700 to purchase a motorbike for the children to commute to work. This will be her 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.