Ou S. lives in Russey Keo with his wife and five children, and works as a fisherman. He typically makes US$1.50 each day and his wife, Chhub Kim Lang, works to collect recycling materials, making US$4 every day. The family is also supported by the work of one son who is in the construction business. Inflation has been very high in Cambodia over the past year and it has affected food prices and the costs of other basic necessities. Ou has approached CREDIT for a loan of US$1000 to purchase some recycling materials in bulk to resell. The family sees this as an investment and an opportunity that can increase the family’s income and improve their 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.