Sann S., 28, is married and lives with her one child in the Siem Reap province. She works in a grocery store, making around US$3 each day, while her husband works as a barber. Her husband makes about US$5 each day. Food prices have soared in the past year as inflation has gotten out of control in Cambodia. Unfavorable climate conditions have also played a factor in making the price of rice very high. Sann S. is asking for a loan of US$1000 to expand her grocery store by adding more products to meet her client’s demand. She is confident that this will be a good business venture and sees it as a tool to increase her income and raise her family’s standard of living.
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.