Chantha is 33 years old. She is married and resides with her mother and two children in Kampong Chhnang Province, Cambodia. She has been working in a garment factory for more than ten years, earning approximately $3 per day. Her husband runs a taxi service (motor taxi). He earns about $4 per day.
In order to improve her family’s finances, Chantha is requesting a loan of $1,200 to purchase plastic to use for weaving baskets to sell when she is free from work. This loan will also be used to purchase farmland for cultivating agricultural crops. By doing so, she would be able to generate additional income to support the family. In the future, she would like to expand her business and help her children earn bachelor’s degrees. Moreover, she hopes to rebuild her present house to make it more convenient for her family.
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.