N. Liep is living with her nine children in a very busy, noisy and happy house. She usually stays at home and takes good care of the youngest children but at the same time she is a successful business woman. She completed her 10th cycle with CREDIT a few days ago. She always repaid the installments on time.
On her backyard, Liep is now raising three female pigs; the three of them are pregnant. If nothing wrong happens, she can expect an important income from the sale.
To repay this loan, Liep is relying on her eldest children. One son is a construction worker and makes $3 daily. One daughter is factory worker for $80 per month while another is advertising for a very popular beer company for $100.
Liep budgeted her loan use very cautiously. She reserved $400 for purchasing a motorbike for the family so that they will save money on transportation everyday. Another $250 will be spent to purchase 5 additional pigs’ cubes while the remaining $350 will be used to repair their house.
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