Ran, 51 years old, is a rice seller. She is a single mother with four children. Three of her children are studying and one is a motor taxi driver.
Ran has sold rice since 1999. Her career has been able to support all her children's studies, but now that they are moving to the higher levels, she needs more income to support them.
Before, she was the only one earning money to support the family, but now her first son is helping. Every day she can get $7 in income and her son can get $3. Each month she has to spend $45 on food, $13 on electricity, $15 on rent, $150 on school fees and $5 for other expenses.
She would like to request a loan of $1,000 to buy a stock of rice to sell. With that loan, she hopes to get enough profit to have her own shop and support the rest of her children as they finish their studying and get good jobs in the future.
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.