Mrs Moa T. and her husband are employed by a private company and earn about $7 a day. Because gasoline has become so expensive, she and her husband spend a lot of money taking a motor-taxi to commute to work every day. The price used to be $1.50 on motor-taxi but is now twice that.
This couple has applied for a loan to buy a motor-bike to use for their commute. This will reduce their transportation cost and can save her family a lot of money. ( Mrs. Moa's husband is pictured because she was not available when the photo was taken).
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.
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