Yun P., 40, is married and lives with four of her children in the Takeo province. She is a farmer and makes cow bells to sell at the local market; she typically makes about US $1.60 each day. Her husband is a construction worker who specializes in building houses. He typically makes US $3.30 per day.
The weather conditions have been difficult for farming in Cambodia this past year and inflation has also been out of control. These factors have made this a tough economic year for many Cambodians, Yun P. included. In light of these economic difficulties, she is asking for a loan of US $1000, which her husband will use to run a motor-taxi. She is confident that this loan will allow her to increase her daily income and to better support 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.