Lan is 59 years old. She is married and resides with a daughter in Kampong Speu Province, Cambodia. She has been involved in cultivating agricultural crops for more than ten years, earning approximately $3 daily. Her husband, who is joining her in the picture, is a carpenter. He makes an income of $5 each day. Her daughter is a garment worker. She earns about $3 per day.
In order to improve her husband’s business, Lan is requesting a loan of $1000 to purchase timber to use for making tables, chairs, beds and wardrobes to sell. This money will help her expand the business.
In the future, she would like to use further profits to expand the business and build a new house.
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.