Pen P., 41, is a weaver of traditional Cambodian silk, an activity that earns her an income of USD 2.5 per day. Her husband (pictured here because P. was not available) is a construction worker, earning an income of USD 2 per day. Their eldest child is currently employed at a local garment factory and earns an income of USD 2 per day to help cover the family expenses.
P. is requesting a loan of USD 700 in order to purchase more raw silk so that she can produce more silk products. In the future, she would like to use any additional profits toward necessary repairs to her house. This is her first loan from CREDIT, a long-standing Kiva partner in Cambodia.
P. resides with her husband and five children in Takeo Province, Cambodia, an area known for its pre-Angkorean temples.
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.