Na is a 35-year-old, married rice farmer with three children in her care. She lives in the Tbong Khmum Province of Cambodia. Two of her children attend school, while the other one is a small kid. She is pictured first from the right and has cultivated rice since 2003. Her husband is 55 years old and a civil servant. Both of them can make around $23 daily.
Na is a group leader. She would like to request a loan as part of a group of four members. She will use her portion to buy a rice-milling machine for farming. This loan will help her generate other revenue for the family. After buying the machine, she is going to expand her farming and help her children to finish high school.
Additional Information
More information about this loan
This loan is aimed at low-income and financially excluded families living in remote areas of Cambodia. As part of their commitment to social performance Kredit Ltd. have setup the Vulnerable Services Unit (VSU) to provide financial and educational services to their poorest clients. They offer flexible terms and a wide variety of training services including child protection, health care, agriculture and financial literacy. By supporting this loan you are helping to empower and educate people living in underserved rural communities
About KREDIT
KREDIT Ltd. 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva’s Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower’s loan. The other members of the group are not required to use their loans for the same purpose.