Sokha, 30, is a farmer who earns $3 per day. Her husband earns $8 per day as a worker. They have three children, one is studying and the other two are too young to be in school.
Every month, she spends $83 on food, $5 on electricity, and $10 on other expenses. Sokha requests a loan of $1000 to buy a hand tractor for farming that she can also rent to other farmers when they need to plow their fields.
She used to lose money as a farmer, but doesn't want to change her career because Sokha doesn’t know what else she could do to earn a living.
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.