Phav B. is twenty-four years old and married with a young child. She lives with her husband in Takeo Province. To make a living, she and her husband are engaged in a business of selling hand-made brooms to her new and repeat customers in their provincial town and in the other nearby markets, typically earning $6 a day.
Cambodian hand-made brooms require hard work and a long time to manufacture the best quality for a competitive price at the markets. Moreover, the current economic situation in Cambodia is not favorable for her business. In spite of the country's economic difficulties, Phav wants to increase her income and expand her business. She is asking for a loan of $500 to purchase a new motorbike, which will give her the ability to transport her products more easily to sell in neighboring villages. She hopes to generate more income and raise her family's standard of living.
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.