Hun P. had learned farming skills from her parents since she was 16. After the Pol Pot regime, she moved back to her hometown and started a farming business to support herself. Life was a struggle for her and her husband because they had to restart their farming work, not having many tools and seeds.
At this point, the couple can typically make around US$ 4/day in revenue. With this money, she covers her monthly expenses such as US$ 30 on food, US$ 30 on utilities and US$ 4 on her transportation.
When she learned about CREDIT MFI, a KIVA partnership, Mrs. Hun P. applied for a loan in the amount of $1000 to buy fertilizer and insecticide to increase her output. The loan will give her an opportunity to expand her crops and improve her living conditions.
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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Success!! The loan was 100% repaid