Sophanny is 29 years old. She is married and resides with her two children in Kandal Province, Cambodia. She has been working in a garment factory for more than two years, earning approximately $3 per day. Her husband is a security guard who earns about $4 per day. In order to improve her family’s finances, Sophanny wants to run an additional business. Therefore, she is requesting a loan of $1300 to purchase dirt to fill up her flooded land so she can grow vegetables. By doing so, she would generate more income to support her family. In the future, she would like to expand her business and help her children earn bachelor’s degrees. Moreover, she wants to build a fence around her house and build a bathroom.
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.