Lek V., age 46, lives with her husband in Prey Veng, Cambodia. Since 2000, she has been selling rice and baskets to earn a living and is able to earn up to US$10 in revenue per day. Her husband Yen Vanny, age 50, is a local teacher in a primary school in the village. On average, he makes around US$4 per day. This couple has eight children together, of whom three are employed and the five other are students.
Mrs. V. is seeking a loan of US$1,000 from Kiva via Credit, a local partner, to purchase a plot of land to resell and the remainder will be used to raise pigs to sell. (Mrs. Lek V. is pictured with her daughter.)
CREDIT MFI is an independent Cambodian faith-based organization. It aims to empower the economically active poor and small entrepreneurs by providing inclusive financial services.
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.