Yaing is 48 years old. She is a married woman who has five children. She and her family live in Kampong Chhnang Province, Cambodia. For a living, she sells Khmer noodle and her husband works as a construction worker. Both of them can earn 7 USD per day.
Now, she would like to apply for a loan of 1,000 USD to buy motorcycle spare parts to run a motorcycle repair shop for clients. This loan will help her open this new shop as well as make more profit for the family. In the future, Yaing hopes that she can run this shop well, and she is going to apply for a loan to build a house next.
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.