P. Sy Tha is a caring father of three sons and one daughter. He currently drives a passenger taxi cart (tuk tuk), and earns about $12.50 a day. He is applying for a loan for $1,000 in order to purchase another tuk tuk, so that his son-in-law may join him in the business. The tuk tuk costs $1,380, but he plans on paying some of it from his current savings. P. Sy Tha's wife sells vegetables at the market and earns about $7.50 per day. His daughter works in a local factory and earns $60 each month. His three sons attend school every day.
He is excited about the increased income that adding another tuk tuk to the family business will bring. He hopes to be able to build his family a cement home in the future; their current home is made of wood. He believes that he will be able to increase his family's standard of living as a result of this loan.
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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