Sor S. is 38 years old. She sells a variety of vegetables in Kampong Cham province, earning a sizable daily revenue of $20 (US) per day in total sales. Her husband works for the electric company, managing power grids. He earns a decent salary as well. They have three children who are still working their way through school. They are proud to have been able to give their children access to education. They feel comfortable taking out a loan at this time in their lives to start a new business that their children can help run during their time home from school. They will rent a large plot of farmland on which they will grow yams. The rest of the loan will be used to buy yam seeds and fertilizer.
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.