Nary is a weaver. Her husband is a musician. Their income is $8 per day. She has two children, 10 and 3 years old. One of her children is studying. Every month she has to spend $25 on food, $6 on electricity, $5 on school fees, $18 on transportation, and $20 on other expenses. She would like to request a loan of $1,200 to buy silk to make skirts to sell. In the future, she wants to buy pigs to feed at home so that she can have two careers at the same time. For her children, she will try to help them study at least until they finish high school.
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.