Mom, 31 years old, is a farmer who earns $2 per day. Her husband is a yam seller and earns $5 per day. They have three children, two of whom are studying and one who works in the garment factory, earning $3 per day. Every month, Mom must spend $63 on food, $10 on electricity, $10 on school fee, $10 on transportation, and $10 on other expenses. She would like to request a loan of $850 to buy potatoes to sell with her relatives. This loan will help her have the money to start a new career that can provide some profit for supporting her family. She plans to buy more potatoes to sell when she can find a good market.
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.