Mao V., 26, is married and lives with her one-year-old child in Takeo Province, Cambodia. Her husband works as a construction builder, earning an income of 5 USD per day.
V. is engaged in a business selling groceries, boiled duck eggs and fried meatballs at her home from which she is able to earn an an income of 50 USD per day to help cover the family expenses. She has been in this business since 2008. She always travels everywhere in the town of the province to sell her food.
V. and her husband try to work hard and help each other ensure a good standard of living for the family and are seeking to improve their businesses as well. As a result, V. is requesting a loan of US $1,000 from CREDIT, Kiva’s partner. She wants to use the loan to purchase cows, a motorbike, and more meatballs to expand her business. This is her 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.