Mrs. Sin S., 53, works as a tailor earning about $12 a day. Her husband, Mr. Chap Bon, supplements the household income by working as a farmer, making on average $2 a day. They have four children. Two daughters work as garment workers and earn $80 each a month; one son is a palm climber and the other one is a student. To expand their tailoring business in order to create a better life for their family, this couple needs to borrow $1,000 from Kiva to purchase cloth in bulk for their tailoring business.
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.