Vong N. is a 41-year-old and sells vegetables at the local market in Takeo province. She has been operating this business since 2005 and is able to make about $6.60 of profit a day. Her husband has a business transporting fish from the fishermen to resell and distribute to small fish-sellers at the market. On average, he earns $3.30 a day. This couple has three children, two of whom are in school and one is a garment factory worker.
Vong N. has an idea to invest in a new business in order to increase her daily income. She would like to sell fish as an extra business. In doing this, she expects to have more profit to help raise her standard of living.
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.