Yart, 44 years old, is a farmer. Her income is $1 per day. She is a single mother with one child. He is 23 years old and works in a shoe shop for $3 per day for his income. This is a small family that spends $25 on food, $3 on rent, $35 on transportation and other expenses every month.
She would like to request a loan of $800 to buy a motorbike for her son traveling to work. Besides doing farming, she also does braiding to get more income to save for her son as she plans to have a small shoemaking shop for him.
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.