Ban P. told a loan officer that it is strange because in the rainy season sometimes there is not enough water for planting. Inflation is a main factor that contributes to every single farmer's making less profit. The price of everything has skyrocketed including agricultural products such as fertilizer and rice seed. Most farmers can not afford the high price of fertilizer; that is why they make less output.
Ban P.'s husband works collecting palm juice to refine to sugar and makes US$ 2 per day. This couple together has seven children, five of whom are students. Two others are employed. Ban P. is asking for a loan of US$ 900 to rent two hectares of farmland to grow yams.
About KREDITKREDIT 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.
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