Mr. Suy C. E., age 34, works as a carpenter producing beds, tables, cupboards, wardrobes, and other furniture. His wife sells the products her husband makes, earning the family about $4 per day in profit. ThE. have four children, one who works in a garment factory earning $2 per day, one who is a welder making $2 per day, and two who are students. He would like to request a loan of $400 in order to purchase more wood to supply their carpentry business. Purchasing in bulk will save costs, and increasing the stock of wood will allow him to fulfill larger orders for the customers. This will increase both margins and revenue. He plans to use the additional income to reinvest in the growth of their business and support their children’s education. His wife is pictured in the photograph.
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.