Hong T., 42, is married and lives with her four young children in the Takeo province. She is a farmer who works for less than $1 each day, while her husband, pictured here, is a moto-taxi driver making $3 each day.
The weather conditions have been difficult for farming in Cambodia this past year and inflation has caused food prices to skyrocket. These factors have played into a difficult economic year for many Cambodians, Hong T. included. In light of these economic difficulties, she is asking for a loan of $1200 to purchase a trailer to attach to her husband’s motorbike. This will allow him to transport more people at one 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.