Mrs. Prak P., 46, is a widow with one child who is a student. She works selling traditional medicine, which is normally made from herbs and other grass. She sells her medicine from place to place around her town, making typically about $5 per day in revenue. Mrs. Prak P. would like to take out the loan to purchase a motor-bike to use for her business transportation. As now she has only a bicycle to transport her medicine.
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.