Mom is 41 years old. She is married and resides with her three children in Takeo Province, Cambodia. She has been selling groceries at home for more than two years, earning approximately $5 daily. Her husband is a driver who makes an income of $7 each day. Two of her children are employed. They earn about $15 per day. In order to improve her family’s finances, Mom is requesting a loan of $1500 to purchase a store in the market to sell groceries. This purchase would enable her to obtain a better place for her business and generate more income to financially support the family. In the future, she would like to expand her business and help her youngest child earn a bachelor’s degree. She also wants to build a new house, if possible.
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.