Sambath is 50 years old. She is widowed and resides with five children in Prey Veng Province, Cambodia. She has been involved in growing rice and fattening up animals for more than 20 years, earning approximately $3 daily. Four of her children are employed in a metal shop. They earn about $166 daily. In order to improve her family’s finances, Sambath is requesting a loan of $1500 to purchase cattle to butcher for sale. By doing so, she would 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 build a new, bigger 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.