Sout S. is 29 years old and lives in Phnom Penh with her husband and their daughter, who attends school. Sout owns a small grocery store and earns about $2.50 per day. Her husband drives a motor taxi and can earn around $4 per day. Sout S. will use this loan to buy more groceries for her store and to build a simple home for her family. As her grocery business continues to expand, she would like to build a house to rent out in order to increase her monthly income.
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.