Suth S., age 38, is married and has three school-aged children. She lives with her husband in Siem Reap province. She is grocery seller, typically earning approximately US $5 per day. To make a living, her husband usually buys rice directly from farmers in his village and resells it with a fair profitable price, earning US $3.75 per day.
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, S. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, Nang is seeking to increase her income and improve her business. She is asking for a loan of US $1000 to purchase more rice from the local farmers to resell. By doing so, she believes that she will be able to raise a good standard of living for 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.