Mrs. Yoeun L., 37, is married and has one child. She is a rice farmer growing rice and other crops on her rice paddy, which is about 100 meters from her house. She makes very little in revenue because what she grow is primarily just to feed her household, and she does not have much of her crop left for sale. Her husband, Phai Kang, is a construction foreman. The people in her community normally contact him directly whenever they need him to construct their houses or other buildings. In order to complete his construction projects on time, Kang has to hire three or four other construction workers to help him, and he has to pay them every week. Recently this couple has faced a financial problem and they do not have enough money to pay their workers. (In reality, he could receive his wage fee from the building owner whenever his building is completed). So in order to handle this problem, Mrs. Yoeun L. and her husband would like to take a loan from KIVA via CREDIT MFI to help them pay their workers and then use the remaining money to buy more seed to expand their crops.
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.