Yi, 59 years old, is a motor taxi driver earning $7 per day. His wife is staying home. They live together with one child, who is 8 years old and studying in school. Every month, Yi has to spend $50 on food, $8 on electricity, $15 on school fees, $5 on transportation, and $10 on other expenses. He would like to request a loan of $1000 to buy a new motorbike for his work because his current motorbike has no taxation (mean he bought it with no tax certificate that make the price low) so he can’t take customers to town otherwise he will need to pay for the tax certificate. Yi wants to support his child to study and at least finish high school.
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.