Planting rice has been a difficult job, as there is high inflation and weather conditions have not been conducive to a good growing season. In most of the provinces there are no irrigation systems yet, so farmers have to farm by depending on the sky. They all are very happy when they see the clouds are dark but if there is no rain they will face crop damage.
On average, Bun C. is able to earn around $7 each day. She has three children and all of them are students. She told a loan officer that she wants all her children to take a higher class. She does not want her children to grow rice like her because this work is so difficult and you earn less to support the family.
Bun C. is asking for a loan of US$ 1200 to invest in her existing business. She would like to both invest US$ 500 in her farm, and also put US$ 700 into raising animals, increasing her livestock. She sees these investments as opportunities that will be able to increase her daily income.
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.
About KREDITKREDIT 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.
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