Sinak, 20 years old, is a student and a farmer when he is not in school. His parents are farmers and they sell groceries at home. He is the first child in his family and is responsible to help his mother to earn money to support his younger brother and sister. His sister is working in the factory and his brother is studying. He also lives with two nephews so there are seven members living in that family.
This family can make good income of $18 per day. Every month, his parents spend $50 on food, $8 on electricity, $35 on school fees of the children and $23 on other expenses. Because he is the first child, he wants to help his parents to take care the family, especially since they are getting old now.
He would like to request a loan of $700 to buy rice seed for his father’s farmland. The repayment will be made by his parents because the loan is for his father’s farmland. He is just helping to use his name on the loan because his father is too old to qualify for a loan and our agency doesn't allow it.
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.