Kong A., 39, is a farmer living in Kampong Cham province with her husband and four of her children. She and her husband typically make a combined $7 in revenue each day.
The climate conditions have been unfavorable for farming in Cambodia this past year and this has caused food prices to soar. Inflation has also been out of control, as this has turned into a difficult economic year for many Cambodians, Kong A. included. In light of these economic difficulties, she is asking for a loan of $1,000 to purchase fertilizer and a water pump to irrigate her farm. She sees this business opportunity as a way to increase her income and to provide a higher standard of living for her and her family.
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.