Sart, 36 years old, is a grocery seller. Her husband is a motor taxi driver. Their income is $14 per day. She has 3 children, all of whom are studying. Every month, she has to spend $45 on food, $10 on electricity, $20 on school fees, $20 on transportation, and $10 on other expenses. She would like a loan of $1200 to buy more grocery goods to sell. She plans to extend her grocery store so that she can provide goods to other stores and customers. From the profits she earns, she wants to repair her house and send her children to study in the university.
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.