Nak is 34 years old. He is married and resides with three children in Takeo Province, Cambodia. He has been working as a construction worker for more than a year, earning approximately $8 per day. His wife is employed in a factory. She makes an income of $5 daily.
Due to the difficulty in his family’s transportation, Nak is requesting a loan of $1200 to purchase a motorbike for commuting. This purchase will help him save some money on his transportation expenses to support the family. In the future, he would like to run an additional business and help his children earn a higher education.
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.