Chea P., age 36, is married and has three school-aged children. She lives with her husband in Siem Reap province. To make a living, she goes to work in town as a construction builder, typically earning US$3.75 per day. The family is also assisted primarily by her husband who is a speaker repairman and a construction builder with an income of US$5 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, P. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, P. is seeking to increase her income and improve her business. She is asking for a loan of US$1200 to purchase speakers and a trailer. By doing so, she will use the trailer to transport speakers to rent to the people who want to use them in any ceremony.
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.