Chan Marika is 32 years old. She is married and blessed with two children in Kampong Chhnang Province, Cambodia. She has been selling groceries for more than four years, earning approximately $7 per day. Her husband is a teacher who earns about $3 per day. In order to improve her family’s finances, Chan Marika is requesting a loan of $1500 to raise capital in her business to purchase more groceries to resell. By doing so, she would earn more profit to support the family. In the future, she would like to use the profit to expand her groceries store and help her children earn bachelor’s degree. Moreover, she hopes to rebuild her present house to make it more comfortable 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.