Sophy is 40 years old and a farmer who earns $1 per day. Her husband is a construction worker earning $7 per day. They have two children; one is studying and the other is working and earning $2.3 per day. Every month she has to spend $50 on food, $5 on electricity, $5 on school fees, $5 on transportation, and $15 on other expenses. She would like to request a loan of $1000 to buy construction materials for her husband’s career. Before, her husband found the market of construction work very hard, but now he can have a lot of customers because the villagers know about his achievements. She wants to buy more equipment for her husband, so that he can successfully do more construction work.
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.