Neang rents boats. His wife sells gruel. Their income is $11 per day. He has three children. One of the children is studying and the other two are working in a grocery store with $2 per day for each. Every month, he has to spend $50 on food, $7 on electricity, and $11 on school fees. He would like to request a loan of $800 to buy wood to make a shelter for his boat for renting. He also can make income from his customers who come to rent his boats. They park their motorbikes at his place and he takes $0.10c for each motorbike. He plans to enlarge his house bigger than before and buy grocery goods for his wife so that she can sell two things at the same time: gruel and grocery goods.
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.