Punlork, 30 years old, is a driver for a tourist company. He earns $10 per day. His wife is a garment factory worker who earns $3 per day. They have a four year old child.
Every month Punlork has to spend $100 on food, $10 on electricity, and $10 on other expenses.
He would like to request a loan of $1,000 to buy clothes for his wife to sell in the market. When he has enough money, he wants to buy a small shop in the market for his wife to sell clothes.
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.