Sokorn, 32 years old, is a garment factory worker. Her husband sells ice-cream. Their income is $8 per day. They have a 6 year old child who goes to school. Every month, Sokorn has to spend $50 on food, $5 on electricity, $5 on school fees, $20 on transportation, and $20 on other expenses.
Sokorn would like to request a loan of $1000 to purchase some female pigs to sell. Her income is a bit small and she needs to get more money to support the family. The increased income is important, especially for her child to school. She needs to get another career to help her family. She wants to feed more pigs in the future to make more profit.
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.