Tith Savoeurn, 26, is married and resides with his wife and two children in Kampot Province, Cambodia. He has been an automobile mechanic for over six years, earning approximately USD 7 per day. His wife is a hairdresser and earns approximately USD 5 per day. In order to improve his family economy, Tith Savoeurn is requesting a loan of USD 700 to purchase a machine to squeeze sugarcane to get juice to sell. By doing so, he would get extra income to support the family.
In the future, he would like to purchase a truck to use to deliver goods to sell. In addition, he hopes to rebuild his present house to provide a better living condition for his family and support his children to study until they get a Bachelor's degree.
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.