They have four children who are enrolled in school and help their parents run businesses. As Yi P. already works in the food industry, she would like to branch out into rice farming as well. She wants to purchase a piece of farmland to grow both rice and vegetables on. She hopes to eliminate her family’s food costs by providing for them herself and being able to make a profit with what is left over. Subsistence farming of this kind is common in Cambodia. Rice prices have dramatically increased in recent months, making it difficult for poorer Khmer’s not farming to afford this basic food staple.
About KREDITKREDIT 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.
175View loans »