You K., 66, and a widower, is a professional tailor, making US$3 each day in TaK. province. He has been doing this job since 1990. Currently, he lives with his three children, who are working in construction and a garment factory, earning an income of US$4 to US$5 each. You K. is asking for a loan of US$1000 to purchase a tailor stand at the local market. Running a tailor stand at the market will earn more money than working from home.
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.