Hing, 26 years old, is a construction worker. His wife is working in a massage shop. Their income is $10 per day. He has 3 children, one is studying and the rest are too small to be in school.
Every month, he spends around $63 for family expenses. He would like to request a loan of $700 to buy a boat engine to do fishing, besides working as a construction worker. Because his current work can’t make a good enough profit, he decided to ask his wife to sell fish and groceries at the market so they could save more money. For his children, he has to send them to school, at least to finish high school.
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.