Neng is a broom seller earning $2 per day. Her husband is a construction worker earning $1.50 per day. They have three children; one is studying and two more are working each earning $3 per day. Every month, she has to spend $66 on food, $3 on electricity, $15 on rent, $3 on school fees, $15 on transportation and $10 on other expenses.
Neng would like to request a loan of $800 to buy a new motorbike for her daughter to ride to work in Phnom Penh City. She never wants to change her career to another one because she is experienced in this career. For her last child, she will try to support him to study in the university.
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.