Nen V., 30, resides with his family in Battambong province, Cambodia, an area known for quality rice products. V. is a farmer and grows vegetables, earning an income of aproximately $4 per day. Each month, the family has to spend $30 on food and $10 on the other necessary expenses.
V. is requesting a loan of $800 to purchase more vegetable seeds to improve his farming business. In the future, he would like to use the additional income to repair his house. This will be his 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.