Seng C., 28, is married with a two-year-old child. She lives with her husband and her young child in Battambong Province. To make a living, she buys recyclable materials for resale, earning approximately an income of US $3 per day. Her husband is a construction worker in his province at any construction site that will hire him to work, earning an income of US $4 per day which is the primary source of income for the family. This young couple is very hard working because they want to ensure a good standard of living for their growing child. Because the traffic law has been reinforced in Cambodia, every vehicle must have paid taxes legally. Therefore, C. is asking for a loan of US $500 to purchase a new legalized motorbike that will enable her husband to commute to work easily without worrying that the traffic police officers will fine them.
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.