Sout S., 51, lives in Russey Keo with his wife, Kim Seoung (pictured above), and they have three children who are married and working on their own. He is a blacksmith who typically makes $4 everyday, while his wife makes the same amount as a tailor. Their children work as a motortaxi driver, a farmer, and one is also in the tailoring business. Sout S. would like to see his family’s income increased, and he has asked for a loan of $1200 to accomplish this purpose. With the $1200 Sout S. would like to expand his wife’s tailoring business through the purchase of more cloth to make more clothes. He would also like to purchase a new motorbike to help his son’s motortaxi service. Their current motorbike is old and unreliable, so it has detracted from his business.
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.