Prek is a 55-year-old married man with four children. He is a construction worker and his wife is raising cattle at home.
Their income is $10 per day, and two of his sons also work as construction workers. None of his children were in school because they needed to help their mother at home in raising the cattle.
Every month, he has to spend $90 on food and $10 for electricity.
He would like to request a loan of $1,000 to buy a motorbike for traveling to work. Without a motorbike, he has to spend a lot money for traveling, and sometimes he is not on time at work because it is hard to find a motor taxi.
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.