Jong, 48 years old, plants vegetables to sell with his wife and earns $6 per day. They have four children: three are studying and one more is working and earns $3 per day. Every month, he has to spend $70 on food, $3 on electricity, $20 on school fees and $10 on other expenses.
He would like to request a loan of $1,000 to pay for his children's school fees and buy other school materials for them. He wants to help all of his children to study in the university after they finish high school.
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.