Tao D., 24, is employed at a factory, earning an income of USD 3 per day. D. is married and resides with her husband and their child in Takeo Province, Cambodia, an area known for pre-angkorean temples. Her husband is employed as a transporter of materials for his existing customers, earning an income of USD 4 per day. The family has to spend USD 50 on food, USD 5 on electricity, and USD 45 on other necessary expenses every month. D. is requesting a loan of USD 1,200 to purchase a new car for her husband to improve his business. 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.