Mrs. Beoun M., 59, is married with four children and works as a fish seller in the market generally makes about $10 of profit a day on average. To contribute the daily expenses her husband Mr. Hean Huy, 62, works as a fisher man normally makes a profit of $5 a day. One of their children works as a waitress in Phnom Penh City. This couple hopes to use this loan to purchase a net. This net costs about $500 and the rest of the money will be used to buy boat generator. They believe that they would earn more profit to send the younger brothers and sister to 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.