Yem T., 43, and his wife have been growing morning glories to sell since 2001. He is married and lives with his five children in Phnom Penh City, Cambodia. He earns US $8 per day. The family is also supported by two of his children who currently work for a private company earning US $7 each per day to help cover the family's expenses.
T. and his children try to work hard every day to secure a good standard of living for the family. They are seeking to improve their businesses. Therefore, he is requesting a loan of US $700 from CREDIT, Kiva’s partner. He wants to use the loan to purchase seeds to grow more morning glories for his regular customers at the market. This is his first loan from CREDIT.
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.