Mrs. Khiev S., 46, is a widow and owns a small booth, selling a variety of fruits, biscuits and some other provisions of food in Prey Veng province, Cambodia. Everyday she has to go the market to sell the fruits to the customers, normally earning around $5 a day of profit. She has three children. One son works in Ming Houy Company, earning a salary of $200 a month, and the other one is a motor mechanic, earning around $100 a month. Mrs. Khiev S. hopes to use this loan to purchase another stand in Phnom Penh for her younger daughter to operate, and with rest of the money she will purchase a motorbike to transfer her fruits to market and home. Moreover, this motorbike will br used as a taxi to transfer people in the daytime, to generate more income. She plans to raise pigs at her house, too.
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.