Net, 32 years old, is a broom seller. His mother-in-law is also a broom seller and stays with his family. His wife is working in the factory, and their income is $8 per day. They have three children. Two are studying and one is too small to be in school.
Every month, he has to spend $45 on food, $5 on electricity, $10 on school fees, $20 on transportation and $15 on other expenses.
He would like to request a loan of $1,200 to buy a motorbike to use in his broom selling business. He wants to extend his business to make more income. And he also wants all of his children to study until they finish university.
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.