Mom, age 55, is married and resides with her children in Kampong Chnang Province, Cambodia. Mom is a housewife. Her husband is a veterinarian, earning an income of $5.6 per day to help cover the family expenses. The family is also assisted by her children who are employed at the garment factory, earning an income of $3 each per day.
Their standard of living has been improved since the family has had these businesses.
She is requesting a loan of $1,000 to pay for one of her children’s wedding. This is her first loan from CREDIT, a partner of Kiva.
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.