Hun S., 26, is single. He resides in Phnom Penh City, Cambodia with his family. He operates his car as a taxi from the city to other provinces in the country, earning approximately US $13 per day. This is his first loan from CREDIT, Kiva’s partner. Mr. S. and his family members are seeking to improve their standard of living and generate a better income. Therefore, S. is asking for a loan of US $1000 to have his car repaired so that he will be able to satisfy his customers’ demand and attract more customers to use his transportation services.
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.