Nourn K., 31, is single and resides in Kampong Cham Province, Cambodia, an area known for rubber plantation. K. manufactures traditional sculptures to sell, earning an income of about USD 25 per day.
K. has to spend USD 80 on food, USD 10 on electricity and water supplies, and USD 300 on other necessary expenses every month. K. is requesting a loan of USD 1000 to purchase more sand and cement to expand his current business.
In the future, he would like to use any additional profit to repair his house. 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.