Samneang is 27 years old. He is married and lives with two children in Takeo province, Cambodia. For over two years, he has been running a business purchasing junk material to sell, earning approximately $5 daily. His wife (who joins him in the picture) is a garment worker who makes an income of $6 each day.
In order to improve his family’s finances, Samneang is requesting a loan of $800 to purchase more junk material to sell. This would enable him to earn more profit to support the family.
In the future, he would like to expand his business, and send his children to a good school.
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.