Chi M., 60, is married and resides with her husband and three children in Kampong Chnang Province, Cambodia, an area known for palm products. She is a housewife and her husband is a farmer who grows rice. They earn an income of USD 2 per day to help cover the family expenses. Two of the children are employed at a local company, each earning an income of USD 100 per month to help the family.
M. is requesting a loan of USD 800 to buy clothes for one of the children to resell at the city. In the future, she would like to use any additional profits to repair her house. This is her third 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.