Cheak is 34 years old. He is married and resides with his wife and two children in Siem Reap Province, Cambodia. He is a mechanic who earns about $10 per day. His wife stays home and looks after the children. To improve his family’s finances, Cheak is requesting a loan of $1,000 to purchase a tuk tuk (motorcycle with cabin) to run a public transportation service when he is not doing repair work. By doing so, he will generate more income for the family. In the future, he would like to expand his repair shop and send his children to a good school. Moreover, he wants to build a new house as soon as possible.
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.