Ran is 53 years old, married, and has three children, two of whom are employed. She lives in Kampong Chhnang Province, Cambodia. Ran sells papaya salad and Khmer noodles, which she has been doing for over 10 years. She earns about $3 per day. Her husband is a construction worker who earns about $3 each day. Her children earn about $6 per day.
Ran is requesting a loan for $1,500, which she will use to purchase a tricycle to transport sugarcane juice, meat balls, and papaya salad to sell. This purchase will help her earn additional income for the family. In the future, she would like to expand her business and help her youngest child earn a higher education. Moreover, she hopes to rebuild her house to make it more comfortable for her 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.