Chan N., 58, is married and resides with her husband and two children in Takeo Province, Cambodia, an area known for pre-angkorean Temples. N. is a vegetable seller in the city, earning an income of USD 3 per day. One of her children is employed at the factory, earning an income of about USD 1 per day to help cover the family expenses. The family has to spend USD 40 on food, USD 5 on electricity supply, and USD 55 on other necessary expenses every month. N. is requesting a loan of USD 500 to purchase more vegetable to stock her store. In the future, she would like to use any additional profit to repair her house. This is her 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.