Soeun C., 43, is married and lives with her husband in Battambang province, Cambodia. She sells fish at the market to earn a living. On average she makes $7 every day, while her husband earns $5 working as a construction worker. This couple has six children, two are construction workers and four are in school. Mrs. Soeun C. is asking for a loan to purchase a motorbike to transport the fish that she sells at the market. Every morning, she goes to buy fish at a lake that is not far from the market, but must take public transportation to get to the market. This costs her significantly, and is the reason why she decided to take out a loan to purchase her own bike.
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.