Chan, 52, is widowed and resides with three children in Takeo Province, Cambodia. She has been involved in the agricultural business for over 20 years, has extensive experience and is successful in her career. She is involved in growing rice and fattening animals to sell. She earns approximately USD 5 per day. All of her children are employed; two are garment workers and one is an arc welder. They earn about USD 10 per day. In order to improve her family’s livelihood, Chan is requesting a loan of USD 1,300 to purchase a generator for her son to run his own arc welding business. This purchase would enable her son to generate more income to support the family. In the future, she would like to expand her son’s business and rebuild her present house to make it bigger, thereby providing enough space for her 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.