Um T., 38, is married and resides with her husband and four children in Phnom Penh City, Cambodia, an area known as the most populated city in the country. T. sells groceries, earning an income of about USD 6 each per day. Her husband is an electrician, earning an income of about USD 6.66 per day.
T. has to spend USD 75 on food, USD 6 on electricity and water supplies, and USD 19 on other necessary expenses every month. T. is requesting a loan of USD 1200 to purchase a motorbike for family use. 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.