Sok V. and her husband (he is pictured because Sok V. was not available) have been rice farmers since they married. They have four children, two of whom are garment workers. Rice is a high-demand crop in Cambodia, but its price continues to escalate due to last year’s drought and large exports to neighboring countries such as Vietnam.
The family is requesting a loan from KIVA for $400 to buy fertilizer, gas, seeds and a water pump in order to increase their crop yield and water supply.
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.