Puth S., age 63, is married and resides with his wife and child in Phnom Penh City, Cambodia. He is a doctor, earning approximately an income of US$ 10 per day. By doing so, he is able to cover family expenses. He has been in this business since 1969. His wife is a tailor, earning an income of US$ 5 per day. The standard of living of this family improved since they have been in these businesses, so they want to have a loan to expand their businesses. S. is requesting a loan of USD 1000 to buy more materials to aid his wife's business of tailoring. This is his first loan from CREDIT, partnered with Kiva.
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.