Mrs. Soeun Y., 47 years old, has six children and lives in Kampongcham province, Cambodia. She works on her farm growing crops and feeding animals, and usually earns around $7/day in revenue with her husband, who runs a business by driving a horse-cart to transport passengers in this village. A horse-cart taxi is very common and more popular than motor-taxi or Tuk Tuk because it is very cheap and the inhabitants can afford traveling to and from the market.
Soeun Y. is looking for a $500 loan to buy a horse in order to run a business, and to purchase some seeds for her farm.
In the future, this couple hopes to buy another piece of land to increase their crops and animals.
KREDIT Microfinance Institution Plc., 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.