Sucheat, 32 years old, has been a hair cutter since 1993, and he always gets admiration from his customers about his work. His wife stays home to take care of their child, so every expense in the family is dependent on his career. He can make $6 per day for his income. He has one child, and he is 2 years old.
Every month, he has to spend $60 on food, and $10 on other expenses.
He would like to request a loan of $600 to buy a motorbike for traveling to work. He plans to repair his hair cut shop by decorating it to be more attractive and he will keep part of the profit from his career so that his child can get a good education in the future.
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.