S. Run, age 35, is a widowed silk scarf weaver who lives in the Takeo Province with three young children and one of her sisters. She typically makes about US $6.00 each day, and her sister, S. Ry, makes about US $3.00 each day as a garment factory worker.
S. Run would like a loan of US $1200 to reinvest in her silk scarf business. She will purchase more silk scarves from the weavers in the village and resell them to the market wholesaler. This business will increase her profits and it would also allow her to save even more for her children’s education in the future.
S. Run appears in the picture with her sister.
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.