Noun K. is a 72- year-old woman, and the mother of 4 children. She lives in the Kampong Cham province, Cambodia. She is an ailing mother and too old to work, so all the family’s expenses is a big responsibility for her children. One of her children helps by weaving handbags and selling them to a nearby retail shop. Two of her children sell sugar cane juice in the city, and the other attends school. In order to generate more income, two of her children have an idea of expanding her business by selling meatballs. To do this, Nimoy is asking for a loan of $1,000 to purchase some utensils and a motorcycle to operate a business. This will enable them to make more profits 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.