Chenda, age 43, is married and resides with her five children in Takeo Province, Cambodia. She is engaged in a business of weaving traditional silk products, earning an income of $5 per day to help cover the family expenses.
Chenda is requesting a loan of $400 to purchase more raw silk to produce more silk products to resell. This will be her first loan from CREDIT, a partner of Kiva.
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.