Some K., 40, is married and lives with her husband in Kampong Cham, Cambodia. She has three children of whom two are growing rice and vegetables to help with the family’s expenses. Every day she sells porridge and rice noodles from her home and is able to make US$ 4 of profit each day. Her husband Hem Chhaily, 37, is a farmer and makes about US$ 6 per day as well. Some K. is asking for a loan to make a new investment in opening a grocery stand.
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.