Chat K., 30, resides with her family in Battambong province, Cambodia, an area known for quality rice products. K. is a tailor, earning an income of approximately $1.60 per day. Her husband is a farmer, earning an income of about $1 per day. Each month, the family has to spend $20 on food and $43 on the other necessary expenses.
K. is requesting a loan of $500 to purchase a new sewing machine to improve her business. In the future, she would like to use any 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.