Sok Ly, age 32 and widowed, is a weaver. She resides with her mother and three children in Takeo Province, Cambodia. She has been involved in her weaving business for more than ten years, earning approximately $2 daily. Her mother is a rice farmer who earns about $2 each day.
In order to improve her family’s finances, Sok Ly is requesting a loan of $1,000 to purchase silk thread to use for weaving. This purchase will help her produce more silk cloth to offer for sale and to earn more income to support the family.
In the future, she would like to expand her business and to help her children earn Bachelor’s degrees.
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.