Rin, 45 years old, is a pig feeder and earns $1 per day. Her husband is a fisherman and earns $2 per day. They have six children, two of whom are studying and the other four of whom are working. Each earns $3 per day. Every month, Rin has to spend $66; $5 on electricity, $15 on rent house fee, $10 on school fee, $15 on transportation and $10 on other expenses. She would like to request a loan of $700 to buy a boat and fishing equipment. Before, she went fishing with her husband but the benefits are not good. She decided to feed pigs at home in order to make other income.
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.