Savy is 56 years old. She is married and resides with four children in Kampong Chhnang Province, Cambodia. She has been selling porridge for more than four years, earning approximately $6 per day. Her husband is a rice farmer who earns about $3 each day. Two of her children are employed in a garment factory. They earn about $7 daily.
Savy is requesting a loan of $1500 to purchase farmland to use for cultivating rice. This money will help her expand her farming business and earn more income for the family. In the future, she would like to run an additional business and help her children earn a bachelor’s degree. Moreover, she wants to rebuild her house to make it more convenient for the 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.