Eam E., age 33, has been farming rice to feed her family since 1992. She never has enough output for resale in the market. Her husband works collecting palm juice to refine into sugar palm. Palm juice and sugar palm are popular among Cambodian people especially since it is affordable. This couple has three children and all of them are too young to attend school.
The family is in a financial crisis due to inflation, so they request a loan from Kiva in order to purchase a motor taxi to operate for extra income.
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.