She has been involved in growing rice for more than twenty years, earning about $2 daily. Her husband is a teacher who earns about $3 per day. All of her children are employed; they are a teacher and garment workers. They earn about $15 per day.
Ken is requesting a loan of $1500 to purchase construction materials in order to build a new house. In addition, some of the money will be used to purchase fertilizer for cultivating rice. The money will help her provide better living condition for her family. In the future, she would like to run a poultry farm to generate more income to support the family.
About KREDITKREDIT 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid