Yorm is 55 years old and is a single mother with two children. One of her children is studying and the other works in a garment factory. Yorm sells food and earns a daily income of 5 USD. Her monthly expenses include 55 USD for food, 15 USD for electricity, and 20 USD for school fees.
Yorm is requesting a loan of 1,000 USD to buy a mechanized fishing boat to fish during the rainy season. In the future, she expects to open a small shop and also plans to repair her house so that it is more comfortable to live.
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.