Sophat is 40 years old. She is married and resides with four children in Prey Veng Province, Cambodia. She has been selling meat balls for more than five years, earning approximately $8 per day. Her husband (who is with her in the picture) is a butcher who earns about $4 a day. Two of her children are employed in a garment factory. They earn about $8 daily. Sophat requests a loan of $1000 to purchase a motorbike to use for transporting meat balls to sell. This purchase will help her transport meat balls to sell faster and earn more income for the family. In the future, she would like to expand her business and help her children earn their Bachelor’s degrees. Moreover, she hopes to finish her house building 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.