Mrs. Chao P., age 38, works with her husband selling vegetable at a busy market, earning around $9 each day in revenue. They have three children: two who are students and one who is too young to attend school. She would like to request a loan of $1200 in order to purchase a stand at the market so they do not have to spend a great portion of their income each month to rent a stall. This will increase their income and help them finance their children’s education. Her husband is pictured in the photo as she was not available at the time.
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.