Phal is 37 years old. He is married and blessed with five children. They live in Takeo Province, Cambodia. He has been running a business purchasing mats, carpets, pillows and quilts to resell for more than two years, earning approximately $10 per day. His wife is involved in cultivating rice and fattening up pigs. In addition, she is involved weaving hammocks to sell. Approximately, she earns $4 per day. All of his children are still in their care.
In order to improve his family’s finances, Phal is requesting a loan of $1,300 to raise capital to purchase more mats, carpets, pillows and quilts to resell. By doing so, he will earn more income to support the family. In the future, he would like to purchase a small truck to use to carry his goods to sell. He would also like to help his children earn bachelor’s degrees. Moreover, he hopes to build a new house as soon as possible.
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.