Sarith is 36 years old. He is married and resides with five children in Kampong Speu Province, Cambodia. He has been working as a chef for more than five years, earning approximately $10 per day. His wife runs a food store. She makes an income of $5 daily. Due to lack of funds, Sarith is requesting a loan of $1500 to purchase construction materials to fix his wife’s store. In addition, a part of this money will be used to buy a motorbike for family use. This money will help him decorate the store and provide a better environment for customers. In the future, he would like to run an additional business and send his children to a good school.
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.