Suon U., 56, is married and lives in Kampong Cham, Cambodia. She works as a rice farmer and makes $1.50 per day. Her husband is a palm tree climber, collecting palm juice. Every morning he goes to collect the palm juice and boil it into palm sugar to earn approximately $2.50 profit per day. Mrs. Suon lives with two of her nine children, and normally she is aided by two of her children who work as garment workers. Mrs. Suon would like a loan from Kiva via Credit, a local partner, of $800 to purchase fertilizer, insecticide, and rice seed to grow for the next season. The price of rice is good in the market so if she can collect more profit, her family’s standard of living will improve.
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.