Soy, who is 58 years old, is a farmer and earns $2 per day. She lives with her sister. Soy is a single mother, but none of her children live at home with her, because they are all married and live with their own families. Every month, she has to spend $37 on food, $2 on electricity, $5 on transportation, and $5 on other expenses.
Soy would like to request a loan of $1200 to support her daughter’s career of selling groceries and food. The loan will help her daughter to have enough money to extend her career, and all payment is responded to by her daughter.
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.