Norb P., 49, is requesting a loan of $600 to purchase a motorbike for family use. In the future, she would like to repair her house. She is married and resides with her husband and three children in Prey Veng Province, Cambodia, an area known for being well supplied with freshwater from major rivers.
P. is a housewife and her husband is a construction worker, earning an income of about $2 per day. Every month, the family has to spend $22 on food, $3 on electricity and $19 on other necessary expenses. One of her children is employed at the factory, earning an income of about $2 per day to help cover the family expenses.
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.