Mrs. Peng P., 43, works as a tailor earning around $2 a day of profit. Her husband is a farmer and grows a variety of vegetables on a plot of farmland. On average, he can makes about $2 a day of profit. Sometimes he can makes more especially in raining season because he has enough water for his crops. This couple has eight children, five of who are tailors like their mother and the rest are students. To increase the output from his farm they request a loan from Kiva to purchase cow to plow the farm. Now he hires a tractor to plow the farm so it costs him a lot.
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.