Soy H., 55, resides in Kampong Cham province, Cambodia, an area known for rubber plantations.
H. and his wife are farmers, earning an income of about US $3 each per day. Each month, the family has to spend US $74 on food and US $56 on the other necessary expenses.
H. is requesting a loan of US $700 to purchase mobile spare parts for one of the children to sell. 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.