Sam, sixty, is married and resides with his wife and four children in Takeo Province, Cambodia. He has been selling palm juice for over ten years, earning approximately three US dollars per day. His wife is involved in breeding pigs to sell and earns about USD 3 per day. Three of his children are employed in a garment factory. They earn approximately USD 3 per day as well.
In order to improve his family’s livelihood, Sam has requested a loan of USD 1,000 to purchase fodder and sows to breed in order to produce piglets to sell. By doing so, he will be able to generate more income to support the family. In the future, he would like to expand his pig farm and help his children get a bachelor’s degree. Moreover, he hopes to rebuild his present house to make it much stronger to provide convenient living conditions for his family.
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.