Pen P. resides with her family in Takeo province, Cambodia, an area known for pre-Angkorean temples. P. is a weaver, earning an income of USD 2 per day. Her husband is a teacher at a public school, earning an income of about USD 3 per day. Each month, the family has to spend USD 40 on food and USD 55 on other necessary expenses.
P. is requesting a loan of USD 1000 to purchase more raw silk to produce silk products for sale. In the future, she would like to use the 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.