Len L., 31, is a widow who has two children. She lives with her old mother and children in Takeo Province. To make a living, she and her mother are engaged in a business of manufacturing doormats, typically earning collectively an income of $1.60 per day. The family is also assisted by one of her children, who is currently employed in a local garment factory.
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, L. included. The country's economic struggles always seem to affect the poor the most. In light of the country's economic difficulties, L. is seeking to increase her income and improve her business. She is asking for a loan of $400 to purchase a motorbike, a purchase that she sees as a great opportunity to transport her doormats to sell and generate better income to achieve a good living standard 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.