May K., 53, is married and lives with her three children in the Kampong Cham province. She and her husband work in the fields together as farmers and they make around US$4 each day. The family is also supported by one of their children who is a brick ladder maker. This has been a difficult year for farmers in Cambodia, because weather patterns have not been as consistent and inflation has been high. Many families are seeking out loans to expand and diversify their sources of income. May K. has asked for a loan of US$1000 to purchase fertilizer and yam seeds. They believe that with an opportunity to expand their business, they can generate more income and improve their standard of living. In the future, she would like to expand her business even further with the purchase of rubber trees.
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.