Lorn V., 42, is a widowed grocery seller who lives with her two children. Living in the Battambong province, she typically makes about US$2.50 each day, and her two children who work farming make about US$2.50 each day as well to help support the family. The weather conditions have been difficult in Cambodia this past year and inflation has also been out of control. These factors have played into a difficult economic year for many Cambodians. Lorn V. would like a loan of US$1000 to add grocery inventory, and the rest of the money is used to repair the 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.