Un H. who is 45 years old, is a housewife who looks after her children and cooks food for her family members. Her husband, Ly Eang, 49 years old, is a taxi driver around the market in the village and normally makes around US$3.7. Before, he used to earn more but currently because of the high inflation he makes less profits. “Cambodia's inflation hit a record high of 22 percent in July” said a government minister. Every thing has skyrocketed in price so poor people can not afford spend money. The high price of gas has forced the taxi driver out of business. Mrs. Un is requesting a loan from Kiva of US$500 to purchase a motorbike for her husband to run a taxi.
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.