Py K. is a 21 year old widow who works at a hotel, with a daily income of $2. She has 3 children, all of whom are students. She would like to take out this loan so that she can purchase a motorbike so that she can get to work without having to pay for a moto-taxi. In the long run she believes this will save her money.
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.