Meas S., 39, resides with her family in Siem Reap Province, Cambodia, an area known for its Angkorean temples. S. sells vegetables at a local market in the province, earning U.S. $7 per day. Her husband is a motorcycle taxi driver, and earns U.S. $3.50 per day.
Each month, the family has to spend U.S. $42 on food and U.S. $78 on the other necessary expenses. S. is requesting a loan of U.S. $800 to purchase a motorbike for her husband to operate his business more efficiently. In the future, she would like to use any additional income to repair her house. This will be her first loan from CREDIT, a longstanding 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.