Savorn is 59 year old. She sells fertilizer, oil and cake with her husband. Their income is $5 per day. She has three children. One of the children is studying and other two are working with $5 per day for each. Every month she has to spend $75 on food, $15 on electricity, $30 on school fees, and $5 on transportation. She would like to request a loan of $1,000 to buy more fertilizer and oil to sell. She wants to enlarge her business when she has enough money. She plans to repair her house to be more comfortable to stay.
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.