Em S., 45, is married and resides with her family in Kampong Chnang province, Cambodia, an area known for palm products. Sas is a housewife while her husband is a farmer, earning an income of about $8 per day. Her four children are employed at different workplaces to earn money to help the family, earning an income of around $3 each per day. Each month, the family has to spend $120 on food and $60 on the other necessary expenses.
S. is requesting a loan of $1,200 to purchase a mechanical plow to help plow the rice field. In the future, she would like to use the additional income to repair her house. This will be her 6th loan from CREDIT, a long standing Kiva partner.
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.