Van K., age 25, is a mother of two children and has worked as a tailor in her village since 2005. On average, she makes around $1.25 of profit each day. Her husband is a construction worker. Normally, he earns about $5 per day. Besides looking after her two children, she still needs to look after her old mother.
Mrs. Van has requested a loan from Kiva via Credit, the local partner, to purchase a plot of land to grow rice. Currently, the rice price in the market is very good, so if her family can produce more output she will soon improve their standard of living. In the future, she wants all her children to take classes in order to get good jobs. Moreover, if she has enough money she will open a grocery store to double the family's income.
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.