Sokhouen, 36, a sweets seller, and her husband, a construction worker, earn a combined income of $10 per day. They have three children, none of whom yet attend school. Every month, Sokhouen has to spend $42 on food and $15 on transportation. She is requesting a loan of $1000 to buy farmland to begin a farming enterprise. In the future she wants to have a café and sell groceries.
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.