Cheam S. is a 32-year-old widow who has operated a beauty salon for about 3 years. She is a wedding planner who arranges clothes for groom and bride. On average, she earns about US$ 2 in profit per day. Her business is lucrative in the period spanning November to April, the wedding season. She has one child who just began school. She would like to take out a loan of US$ 400 to purchase more cosmetics for her business.
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.