Soam N., age 38, is married and has three school-aged children. She lives with her husband in Siem Reap province. She and her husband have been involved in the agriculture sector as farmers, typically earning approximately US $7.50 per day. Besides their farming on the rice fields, they raise beans to meet the market need to generate more income.
The financial crisis has been difficult for business in Cambodia this past year. This factor has played into a difficult economic year for much of the country, N. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, N. is seeking to increase her income and improve her business. She is asking for a loan to hire other persons to plough and clear her farmlands so that she is able to farm more variety of crops. By doing so, N. and her husband will be able to produce maximum outputs.
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.