Nourn L. is 54 years old, married and has four children. She lives with her husband in Takeo Province. To make a living, she and her husband raise pigs, and usually earn about $1.80 a day. L. also sells traditional Cambodian cakes when she is free from other work. The family also gets help from two of their children, who work in construction and sales.
The financial crisis has made things difficult for businesses in Cambodia over the last year, especially for poor people like L.. 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 $800 to buy a motorbike, which will open up a great opportunity for her husband, who could use it to work as motor-taxi driver and generate more income for the 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.