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Oct 13, 2016 1:38 EST

Cambodia: Thong Group – A loan of $1,450 helps a member to purchase bamboo and materials to produce more baskets and purchase fertilizer for her farm.

iCrowdNewswire - Oct 13, 2016

Thong Group

Cambodia
 
 
Borrower image
 

Thong Group’s story

Thong, pictured first from the right and representing a group of six members, is a widow and lives in the Kampong Chhnang province with her young child. She is a professional handicrafter, making bamboo baskets to sell, and she also grows beans and rice, earning a combine USD 7 each day.

The weather has been difficult these past years. The rainy season came late, which has been bad for some farmers.

Thong has approached KREDIT for a loan to make two investments. She will buy more bamboo and materials to produce more baskets and purchase fertilizer for her farm. She believes that this will be a sustainable investment that will raise her standard of living.

In this group: Sophath, Thong, On, Sinak, Vanseng, Thoeun
*not pictured 

This loan is special because:

It provides add-on training services on financial management, agriculture and child protection.
 

Vince Main
Kiva staff

More 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 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 Microfinance Institution:

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.

A loan of $1,450 helps a member to purchase bamboo and materials to produce more baskets and purchase fertilizer for her farm.

Contact Information:

Thong Group

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