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
This loan is special because:
More about this loan
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.