Champa, 43 years old, is a house wife. She is a single mother with 3 children: 26, 21 and 19 years old. Two of her children are working in a restaurant in Phnom Penh. This family can make $6.5 per day for their income. Every month, she spends $60 on food and $6 on electricity.
Champa would like to request a loan of $600 to buy a motorbike for her son to operate a motor taxi. With this loan, her family will be able to live in better conditions because they can earn more income. Champa wants to repair her house if she can save some money.
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.