Rie, 30 years old, is a tailor. She is married to a state teacher and they have two children, 5 and 2 years old. They both get an income of only $5 per day.
Every month, she has to spend $70 on food and $10 on electricity.
She would like to request a loan of $700 to buy a new sewing machine and fabrics to make those into clothes that she can sell to get some profit. She wants to open a tailoring shop in the future if her career gets successful and she can earn a good profit.
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.