Phalla is 41 years old. She has been weaving 'Krama' to sell for more than ten years, earning approximately $5 daily. Her husband (who is joining her in the picture) helps her run the business. One of her children is an electrician who makes an income of $4 each day. Due the difficulty with her family’s transportation, Phalla requests a loan of $800 to purchase a motorbike for commuting. This purchase will help her reduce their transportation expenses. In the future, she would like to expand her business and help her children earn bachelor’s degrees. Moreover, she hopes to 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.