Eang P., 50, has been involved in her business of producing pillowcases and hammocks with an income of US$6.60 per day since 1995. She lives with her husband and four children, two of whom are students, and the rest are employed as garment factory workers. Her husband sells her production and bedroom sets for his customers in his village and other places where he is easily accessible.
P. wants to take a loan of US$1,200 to expand her husband’s current business because she really hopes that her investment of the loan will be able to generate more income. P. is shown in the photo with her husband and the hammock she produced.
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.