Sumeth, 32 years old, sells groceries at home. Her husband is a motor taxi driver, and they are living in Battombong Province.
Their income is $10 per day. They are married and have two children, 15 and 12 years old. Both are in school.
Every month, they have to spend $83 on food, $10 on electricity, and $75 on school fees for their children.
Sumeth would like to a request loan of $500 to buy more canned goods and other things for her grocery shop to sell. Before, her grocery shop was very small and there were not enough things for her costumers to buy, so she expects that after this loan, she can offer her costumers the things they need.
She also plans to enlarge her shop when she gets more income and she will send her children to school until they are finished and get a good job.
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.