Kong, 27 years old, is a food seller and is employed as a cook sometimes for other parties. He earns $5 per day. He lives with his parents, a sister and one nephew. His sister is a vegetable seller at the market and earns $5 per day. Every month, he has to spend $100 on food, $15 on electricity, $25 on school fees, $8 on transportation and $10 on other expenses. He would like to request a loan of $800 to buy wood and thatch to expand the place where he sells food. He used to work in Thailand and he came back to sell vegetables with his sister. Now he has his own career selling food. He plans to buy vegetables in stock from the plantation owners to sell when he has more money because with this business he doesn’t need to spend much time and he gets a good profit.
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.