Laghn S. is 47 years old and lives with his wife and six children in Phnom Penh, Cambodia. S. and his wife sell cosmetic products to factory workers in their village. Two of their children are garment factory workers and the other four attend school, but they help their parents with the family business when not at school. S. and his wife hope to use part of the loan to expand their business and the remainder to repair their house to protect it from leaking during the rainy season. In the future, S. hopes to expand his business and open a stall at the nearby market. Also, he hopes to some day build a house to rent to the garment workers in his village.
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.