Vath, 50 years old, is a housewife. Her husband is a security guard at school with $2 per day for his income. She has three children. One of her children is studying and the other two are working for $6 per day for all. Every month she has to spend $50 in food, $5 on electricity, $5 on school fees, and $10 on other expenses. She would like to request a loan of $1,200 to buy a motorbike for her son who is providing a motorcycle transport service. In the future, she hope to buy another motorbike for another of her sons to provide motorcycle taxi service as well because this career can make a good income in her province. She wants to support her last child to study until he finishes at 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.