Phorn is 29 years old. She is married and resides with two children in Kampot Province, Cambodia. She has been working in a garment factory for more than seven years, earning approximately $5 per day. Her husband is a motor taxi driver who earns about $8 daily. Because his current motorbike is old, Phorn is requesting a loan of $1000 to purchase a new motorbike for her husband's taxi service. This purchase would enable her husband to attract more customers and to earn more income to support the family.
In the future, Phorn would like to run an additional business and send her children to a good school. In addition, she 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.