Chan C. is 71 years old and widowed. She lives with her two children. She makes a living by selling rice and raising animals for a daily income of $3. The family is also assisted by one her children who is tourist guide, earning approximately an income of US $12 per day. Also, another son is engaged in a business of providing transportation services to people in the town, earning the same amount of income to his mother. She plans to take a KIVA loan of $1200 to build a place to store rice that she will buy it from the local farmers in her village. With the remainder, she wants to expand her business by purchasing more rice. She hopes that, with the success of her business plan, she will be able to decorate her house.
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.