Mr. Keo H., 46, has a business milling rice for the local farmers with his rice grinding mill to take the husks off the rice. He also recharges the batteries belonging to people in this community using a generator. In rural areas, people depend on these batteries to power their lights, TV, etc. He earns around $7 a day. His wife works as a teacher and makes on average about $1.60 a day. This couple has five children, one of who works making noodles, earning on average $6 per day. The rest of the children are students. They plan to use this loan of $1100 to purchase a new generator to replace their old, unreliable generator. This will allow them to charge more batteries in the village. Part of the loan will also help finance the purchase of a motor bike.
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.