Teat V. told a loan officer that she spends US$40 on food and US$15 on her children’s education every month. In her village, people depend heavily on batteries to power their lights, TV, radio and other appliances, so the battery-recharging business is a profitable one. Teat V. is requesting a loan of US$1,000 to purchase charging tools, a generator and a motorbike to help her husband in this business activity.
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