Chenda, 32 years old, sells vegetables. She earns 7.50 USD per day. She has one child who is one year old. Chenda lives with her parents. Every month, she has to spend 75 USD on food, 5 USD on electricity, and 5 USD on transportation. She would like to request a loan of 1,000 USD to buy a motorbike to transport vegetables to the market to sell. She wants to buy a small store in the market to sell vegetables; now she sells on the ground because doesn’t have enough money to pay for a store.
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.