Vy, 52 years old, is a housewife. She is a single mother with four children. One is working in the factory, and her son is a motor taxi driver. They can make $11 per day for their income.
Every month, she has to spend $100 on food, $20 on transportation, $15 on electricity and $20 on other expenses.
She would like to request a loan of $1,000 to buy a motorbike for another son who is also a motor taxi driver.
In the future she would like to have a tailoring shop at her house if her children can help with the expense, because every expense in the family is dependent on three of her children.
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.