Sor Y., age 37, is married and resides with her husband in Kompung Cham Province, Cambodia. She has two children. She is engaged in the business of grinding rice at home, earning approximately US$ 4 per day. By doing so, she is able to cover her family expenses, especially the children’s education. She has been doing this business since 2007. Her husband operates his truck to transport rice, earning an income of US$ 6 per day. Their standard of living has improved since Y. started this business, so she wants to have a loan to expand her business. Y. is requesting a loan of USD 1000 to purchase gasoline to operate the machine to grind rice and the truck to transport rice. This is her first loan from CREDIT, a partner of 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.