Channa is 46 years old, married, and has six children. She lives in Takeo Province, Cambodia. She has been working in a garment factory for more than three years, earning $3 a day. Her husband is a rice farmer who earns about $1 a day. Three of her children are employed in a garment factory. They earn about $9 each a day.
In order to improve her family’s finances, Channa is requesting a loan for $350, which she will use to purchase cattle to breed and resell when they gain weight. By doing so, she will be able to generate more income for the family. In the future, Channa would like to run a grocery store and help her children earn their bachelor’s degrees. She also wants 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.