Chamrouen, 59 years old, is a weaver. Her husband is a village leader. Their income is $4.50 per day. They have one son who is 10 years old and studying at school. Every month Chamrouen has to spend $40 on food, $5 on electricity, $10 on school fees, $20 on transportation, and $20 on other expenses. She would like to request a loan of $1200 to buy silk to weave and sell to get more income. She wants to extend her business to make more products and sell to other provinces.She also wants to repair her house because now it is not in good condition. More than that, in the future, Chamrouen wants to send her child to study at the 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.