Morm L., age 47, is married and resides with her four children in Kompong Cham Province, Cambodia. She runs a business selling used clothes at a local market in the province, earning an income of US$6 per day. By doing so, she is able to cover her family expenses, especially for the children’s education. She has been with this job since 2008. Her husband is an engineering soldier for the province, and he also produces jars for sale, earning an income of US$2 per day. L. is requesting a loan of US$700 to purchase a shop at the market to sell used clothes. This is her first loan from CREDIT, partnered by Kiva. (L. is pictured in front her husband business)
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.