Teang is 51 years old, married and the mother of four children. She lives with her family in Kampong Chhnang Province, Cambodia, where she and her husband have earned a living by fishing for more than 20 years. They earn about $12 per day, and one of her children works in a garment factory and earns about $3 a day. Because transportation is a big problem for this family, Teang is requesting a loan for $1,300 to buy a motorbike to use when commuting. This will allow her to save the money she and her family currently spend on transportation, and use it instead to improve the family's living conditions. In the future, she would like to help her children earn bachelor’s degrees so that they can all get good jobs.
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.