Eangleng, 55 years old, is a food seller with $8 per day for her income. She is a single mother with five children. All of her children are working in the garment factory and they can each earn $5 per day. Every month, she has to spend $80 on food, $9 on electricity, and $20 on other expenses. She would like to request a loan of $1,000 to buy material and equipment for making food to sell in Phnom Penh city. In the future, she hopes to expand her business when she can make a good profit.
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.