Chan M., age 36, is married and resides with her husband in Takeo Province, Cambodia. They are shown together in the photo. They have three children.
M. is engaged in a business selling corn, earning approximately US$5 per day. By doing so, she is able to cover her family expenses, especially the children’s education. She has been with this business since 2005. Her husband sells palm fruits, earning an income of US$3 per day.
Their standard of living has been improved since M. has operated her business, so she wants to have a loan to expand her business. She is requesting a loan of US$800 to purchase a motorbike to transport corn to sell at the market. This is her second loan from CREDIT, Kiva’s partner.
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.