Meng P. is 32 and married with a child. She lives with her family in Takeo Province, Cambodia, an area known for pre-Angkorean temples. Meng is employed at the local factory and earns a daily income of 2 USD. Her husband produces traditional cakes and earns a daily income of 3 USD to help cover the family’s expenses. Each month, the family has to spend 40 USD on food and 60 USD on other necessary expenses.
Meng is requesting a loan of 1,000 USD to purchase supplies to improve her husband’s cake production business. This will be her third loan from CREDIT, a longstanding Kiva partner. In the future, Meng would like to use any additional income to repair her house.
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.