Sourn S., age 56, is a widow without any children. She lives with her elderly parents and a sister in Takeo Province. To make a living, she has been engaged in a business of manufacturing Cambodia traditional cake since 1998, typically earning an income of US $1.6 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. The country's economic struggles always seem to affect the poor the most. In light of this, S. is seeking to increase her income and improve her business. She is asking for a loan of US $600 to purchase a motorbike, a purchase that she sees as a great opportunity to transport her products to her customers at the nearby local markets. By doing so, she will be able to generate additional income and help to raise a better 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.