Khmeb is 45 years old. He is married and resides with three children in Takeo Province, Cambodia. He has been running a taxi service for more than five years, earning approximately $5 per day. His wife runs a grocery store. She earns about $3 daily. One of his children is a garment worker who earns about $3 each day.
In order to improve his family’s finances, Khmeb is requesting a loan of $1200 to purchase musical instruments to form a band for hire at wedding ceremonies and other parties. By doing so, he would earn additional income to support the family.
In the future, he would like to expand the business and help his children earn higher education. Moreover, he hopes build a new house as soon as possible.
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.