Ran, age 30, earns an income by selling freshwater shells. She has been in her business for over 10 years, earning approximately USD 3 per day. Her husband runs a public transportation motor-taxi service and earns approximately USD 4 per day. They live with their three children in Kampong Chhnang Province, Cambodia.
Due to the fact that her husband's present motorcycle is old and unpredictable, Ran is requesting a loan in the amount of USD 800 in order to purchase a new motorcycle for her husband so that he can more effectively run his business. This purchase will enable her husband to attract more customers and generate more income to support the family.
In the future, Ran would like to rebuild her present house to make it stronger so as to provide better living conditions for the family. Her goal is to earn enough money to be able to enable her children to obtain bachelor’s degrees.
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.