Her husband works making string cow and selling them at the market. With his business activity, he can generally make about US$ 4/day in income to support his household. Because of their lack of capital, Chhen V. didn’t have any idea how to make other profit beside working at her rice field.
After learning about CREDIT MFI from one of her neighbors, V. thought of an opportunity to generate additional profit for her household. She would like to take a loan in the amount of US$ 600 to buy rice crops from the growers and re-sell the rice when the price is going up. She believes this will help her increase her income as well as improving her living conditions.
(her husband is pictured )
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