Khoeurn is 48 years old. He is married and resides with six children in Kandal Province, Cambodia. He has been involved in the agricultural business for more than 10 years, earning approximately $9 daily. His wife helps him run the business. Two of the children are construction workers. They earn about $6 each day.
In order to improve his family’s finances, Khoeurn is requesting a loan of $1000 to purchase farmland to use for farming. This purchase helps him expand his business and make more income for the family. In the future, he would like to run an additional business purchasing vegetables to resell and help his children earn bachelor’s degrees. Moreover, he hopes to build a new house.
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.