Sovan is 52 years old. She is widowed and resides with six children in Kampong Chhnang Province, Cambodia. She has been working in public transportation for more than a year, earning approximately $10 daily. Three of her children are employed in a garment factory. They earn about $10 each day.
Because the present motorbike is old, Sovan is requesting a loan of $650 to purchase a new motorbike for hauling the tuk tuk trailer (a 'tuk tuk' is a motorcycle and trailer used for transporting people). This purchase will help her reduce reparation expenses and generate more income for the family.
In the future, Sovan would like to purchase a car to run the taxi service and help her children earn bachelor’s degrees. Moreover, she hopes to rebuild her house to make it much stronger and convenient for the family.
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.