Chan is 31 years old. He is single and lives with his brother and sister in Kampong Chhnang Province, Cambodia.
He has been working as a mechanic for more than five years, earning approximately $5 daily. His sister and brother are employed. They make an income of $8 per day.
In order to improve his family’s finances, Chan is requesting a loan of $1,500 to purchase fish and firewood to use for producing smoked fish to sell. By doing so, he would generate more income for the family. In the future, he would like to run a generator spare parts shop.
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.