Mab is 42 years old and is a tok-tok driver who earns 10 USD a day. He lives with two of his siblings, who work in a factory and each earn 3 USD daily. Each month, he spends 30 USD on food, 5 USD on electricity, 15 USD on rent, 5 USD on transportation, and 10 USD on other expenses.
Mab is requesting a 1,000 USD loan to buy a new tok-tok to replace his current one, which is old. In the future, he would like to be able to help his sister to buy a store in the market to sell fruit.
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.