Reth S., 40, is married and resides with her three children in Kampong Chnang province, Cambodia, an area known for its palm products. S. sells fish, earning an income of about $5 per day. Her husband is a fisherman, earning an income of around $5 per day to help cover the family expenses. Each month, the family has to spend $70 on food and $47 on the other necessary expenses.
S. is requesting a loan of $500 to purchase a motorbike so that her husband can start a new business as a motor-taxi driver. In the future, she would like to use the additional income to repair her house. This will be her first 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.