Chinda, 28 years old, is running a computer shop and provides computer services with her husband, earning about $12 per day. They have three children, 10, 9 and 3 years old, two of whom are studying in school. Every month, she has to spend $50 on food, $20 on school fees, $25 on transportation, and $15 on other expenses.
She would like to request a loan of $1,200 to buy a cow for her father to feed and sell. She is staying in Thailand with her husband and visits her home sometimes on holidays. All of her children are living with her parents in Cambodia. To pay the loan she has to send money every month to her parents in Cambodia.
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.