Yorn, 65, is married and resides with his wife and three children in Battambang Province, Cambodia. He and his wife have been involved in growing rice and vegetables and fattening up cattle for over ten years and are successful in their career. Additionally, he runs a grocery store at home to generate more income to support the family. Approximately, he earns USD 14 per day. One of his children is employed in South Korea. He earns about USD 7 per day.
In order to improve his family’s living conditions, Yorn is requesting a loan of USD 1200 to purchase more groceries for resale. This purchase would enable him to earn more profit to support the family. In the future, he would like to expand his grocery store and build a new house.
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.