Chheng sells groceries and earns $5 per day. She is a single mother with 2 children. One of them works in the factory and earns $2.50 per day. Every month, Chheng has to spend $89 on food, $15 on electricity and $20 transportation.
Chheng would like a loan of $500 to buy more grocery goods to sell. In the future, she wants to buy a store for herself. At present, she is helping to make her daughter's store run well. She would also like to get a shop for her son to do motorbike repairing so that he can have his own career and support himself.
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.