Suvann, 24 years old, gives massages and earns $7 per day. She has one child who is three years old. She lives with one sister who works for a company and earns $3.50 per day. Every month, she has to spend $50 on food, $5 on electricity and $30 on other expenses. She would like to request a loan of $1,000 to buy a motorbike to use to travel to work. Before, she went to work by bicycle with her sister, but it was hard for them and that’s why they decided to borrow some money to buy a motorbike. She plans to sell fish in the market instead of working because she can find a good market for selling fish, but she doesn’t have enough money yet to start that business.
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.