Sopheap is 55 years old. He sells food and groceries with his wife at home and earns $11 per day. They have three children, two are helping Sopheap to sell food and one more is working in a factory, earning $3.50 per day.
Every month, he has to spend $100 on food, $40 on electricity, and $25 on other expenses. He would like to request a loan of $400 to buy more grocery goods to sell in his store. He plans to extend the grocery store to sell more goods so that he can make a good profit.
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.