Phat, 66, resides in Kampong Chnang province, Cambodia, an area known for palm products. Phat produces traditional baskets, earning an income of $1 per day to help cover the family expenses. Each month, the family spends $100 on food and $30 on other necessary expenses. Phat is requesting a loan of $850 to purchase a motorbike for the family's use. This will be her third loan from CREDIT, a long-standing Kiva partner.
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.