Prim, 49 years-old, is making a traditional Khmer instrument she sells with her husband. One instrument costs $35 and she can make one instrument a day with her husband but this does not mean she can sell one per day. The income in her family is not regular because it depend on the tourist season. Most of her customers are foreigners.
She has four children, all of whom are studying in school. Every month, she spends $110 on food, $115 on school fees, and $30 on other expenses in the family. She would like to request a loan of $1,000 in order to buy woods and materials for making the Khmer instrument to sell. She wants to extend her business and sell to customers herself which will bring more benefit then selling through others.
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.