She told a loan officer that every month she needs to spend around US$80 on food and US$15 on utility. Mr. Sou is requesting a loan from Kiva via CREDIT, Kiva's local partner, to purchase the long grass in bulk. This will save money and allow his wife to increase the number of brooms that she can make. The couple plan to distribute the brooms to other small sellers. In the future, if possible, Mr. Sou wants to have a small truck to transport the brooms.
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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Success!! The loan was 100% repaid