Seng S., 40, is married and lives with five of her children in the Batambong province. She grows and sells vegetables, making US$5 every day. Her husband runs a moto-taxi making approximately US$3 each day. They are also supported by two of their children who are employed. The weather conditions have been difficult for farming in Cambodia this past year and inflation struggles have affected all Cambodians. These factors have played into a difficult economic year for much of the country, Seng S. included. The country’s economic struggles always seem to affect the poor the most. In light of the country’s economic difficulties, Seng S. is seeking to increase her income and reduce her transportation cost. She is asking for a loan of US$1000 to purchase a motorbike to transport vegetables to sell at the market.
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.