M. Than, 29, runs a grocery store in her village. She makes a daily profit of $1 per day. She lives with her husband and her three children who are all school aged. Her husband, 28, buys cows at the nearby villages and resells them for a small profitable price. Hence, she has made a decision to take a loan of $800 from KIVA to expand her husband’s business by buying more cows to resell. If she succeeds in her business plan, she will be able to afford for all of her children to study at a university when they finish high school.
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.