Yueo P., 25, is married and lives with three of her children in Kampong Cham, Cambodia. Since 1997, she has been a rice farmer and makes around US$1.50 per day. Her husband, Sorn Lim, earns approximately US$2.00 raising ducks. Yueo said that farming requires a lot of labor and energy, but that she does not earn enough to support the family. Also, inflation has been difficult in the past year. Every single thing has increased in price since last year, fertilizer and insecticide included.
Yueo would like a loan from Kiva via Credit, a local partner, of US$1000 to purchase a truck to provide services for extra profit. She sees this purchase as a good opportunity to increase her income.
CREDIT MFI is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.
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.