Supheap, 39 years old, produces rice wine to sell. Her husband is a cattle seller. They have seven children. Four are studying and two are working in the factory. Her husband can get a good income from his career, so she wants to borrow $1,000 to buy the cattle for him to sell.
Every month, she has to spend $66 on food, $9 on electricity and rent, $15 on school fees, and $15 for other expenses. She wants to buy more cattle to keep and sell when a good price comes, and she wants to send the rest of her children to study until they finish high school.
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.