Vireak is 36 years old and is a grocery seller with his wife. They earn $15 per day and have four children who are 13, 10, 4 and 2 years old. Two of their children are in school. Every month, Vireak has to spend $90 on food, $10 on electricity, $30 on school fees, and $10 on other expenses. He wants to support all of his children to study at least until finishing high school.
Vireak would like to request a loan of $1000 to buy more grocery goods to sell in his store because he doesn’t have enough types of good to sell.
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.