Sophat is 36 years old. She is married and resides with three children in Takeo Province, Cambodia. She has been cultivating rice and fattening animals for more than ten years, earning approximately $3 a day. Her husband, who is joining her in the picture, is a construction worker. He makes an income of $5 each day. To improve her family finances, Sophat is asking for a loan of $1,500 to purchase cashew nuts to resell. By doing so, she would be able to generate additional income for the family. In the future, she would like to expand her business and send her children to a good school. Moreover, she hopes 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.