Oy K., 28, is married and resides with her husband and two children in Siem Reap Province, Cambodia, an area known for Angkor Wat temples. She sells snacks at home for an income of about US $6 per day. Her husband is a motor-taxi driver in town, earning an income of US $6 per day to help cover the family expenses. K. is requesting a loan of US $1000 to buy a new motorbike for her husband, and she would like to invest the remainder in her current business of selling snacks. In the future, she would like to use any additional profit to repair her house. This is her second loan from CREDIT, a long-standing Kiva partner in Cambodia.
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.