Eng S., 49, is married and lives in the Kampong Cham province with her husband and five children. She work as a rice farmer and a recycler, making around US$5 a day. Her husband makes around US$3 a day selling utensils. Inflation has caused prices to soar in Cambodia and recent hikes in oil and rice prices have caused financial struggles for many Cambodians. Looking for ways to increase her income and combat rising expenses, Eng S. has asked CREDIT for a loan of US$700 to purchase a motorbike and utensils.
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.