Mi S., 49, is married and lives with her three young children in Prey Veng province. She is a farmer who works for less than $1 a day, while her husband works as a construction foreman and makes $12 a day. Over the last year, weather conditions have made farming difficult for people in Cambodia and inflation has caused food prices to skyrocket. This combination of factors have meant hard times for many Cambodians, including S.. In light of these difficulties, she has applied for a loan for $1,000 to buy supplies to expand her husband’s business.
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.