Sophal is 39 years old. She is married and resides with four children in Kampong Speu Province, Cambodia. She has been buying junk materials to resell for more than ten years, earning approximately $11 daily. Her husband helps her run the business. One of her children is a garment worker who makes an income of $5 per day.
In order to improve her business, Sophal is requesting a loan of $1500 to purchase a trailer to use for carrying junk materials to sell. This purchase will help her carry junk materials in larger amounts. In the future, she would like to expand her business and help her children earn bachelor’s degrees. Moreover, she wants to build a bathroom to provide hygienic living conditions for the family.
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.