Sim L., 36, lives in Phnom Penh with her husband and two young children. She works as a farmer, together with her husband, Dul Saren, and they are able to make $4 US each day. Inflation has been very high in Cambodia over the past year and it has affected food prices and the costs of other basic necessities. Farming has also been very difficult, because of inconsistent weather patterns. Sim L. has asked for a loan of $1000 US to purchase rice seed, vegetables, and fertilizer. These purchases will allow her to increase her production and increase her daily income. It will also allow her family to improve its standard of living through an increased income.
About KREDITKREDIT 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.
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