Kou M. is married and lives with his wife and a young child in Phnom Penh City, Cambodia, known as the most populated city in the country. He rents parts of his house to workers for an income of USD 3 per day. His wife stays at home as a housewife.
M. is requesting a loan of USD 500 to build more rental rooms. In the future, he would like to use any additional profit to expand his business. This is his first 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.