Bunthorn, 40, resides with her husband and two children in Kampong Chnang province, Cambodia, an area known for palm products. Bunthorn is a tailor, earning an income of USD 2.60 per day. Her husband buys green coconuts to resell, earning an income of USD 20 per day to help cover the family expenses. Each month, the family has to spend USD 80 on food and USD 55 on the other necessary expenses. Bunthorn is requesting a loan of USD 1,000 to purchase a motorbike for her husband to use to transport coconuts to sell. This will be her first loan from CREDIT, a long-standing Kiva partner.
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.