Teab S., 33, is married and lives in Siem Reap Province with her four children. She works in a grocery store, making around $2 each day, while her husband typically makes $2 every day as a trailer driver. Inflation has driven up prices all across Cambodia, and many are facing economic struggles. Teab S. has approached CREDIT for a loan of $1,000 to make two investments. First, she would like to purchase groceries in bulk, saving money and allowing her to achieve a greater profit. Second, she would like to purchase a motorbike to transfer groceries to and from the market, as current public transportation costs have made it difficult to increase profits. Teab S. feels that these investments can help increase her income and raise her family’s standard of living.
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.