Rathanak is a housewife. Her husband is a Tok Tok (motorcycle taxi) driver who earns $7 per day. She has three children, two of whom are studying. Every month, she has to spend $75 on food, $3 on electricity, $5 on school fees, $15 on transportation and $10 on other expenses.
She would like to request a loan of $700 to buy a motorbike to replace her husband's current motorbike because it is old and needs a lot of fixing. In the future, she wants to have a job so that she can help her husband by earning some money for supporting the family.
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.