Channarith is 30 years old. He is married and resides with three children in Kampong Speu Province, Cambodia. He is a construction foreman who makes an income of 12 USD daily. His wife is a housekeeper. Due to the difficulty in the family’s transportation, Channarith is requesting a loan of 1,000 USD to purchase motorbike for commuting. This purchase will help him reduce the transportation expenses.
In the future, he would like to take another loan from KREDIT to expand his business and send his children to a good school. Moreover, he 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.