Thy, 47 years old, is a farmer and fish seller with her husband. Their income is $8 per day. They have 6 children, four are studying.
Every month, Thy spends $47 on food, $5 on electricity, $30 on school fees, and $10 on transportation. She would like to request a loan of $1000 to buy three cattle for doing farming. Previously, her husband was a soldier for about 15 years. The income of a soldier is too small to support the family, so he decided to stop being a soldier and began helping his wife to earn money. This family would like to feed eels to sell because they saw that their neighbor can make a good profit from selling eels. Her plan is to expand her new career, if it can make a good income and she can feed more cattle to sell. For her children, she wants to send them to study until they are able to get a good job.
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.