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Apr 19, 2017 7:27 PM ET

Cambodia: Eth Group: A loan of $1,525 helps a member to purchase natural fertilizer for her rice farm.

iCrowdNewswire - Apr 19, 2017

Eth Group

Cambodia
 
 
Borrower image
 

A loan of $1,525 helps a member to purchase natural fertilizer for her rice farm.

Eth Group’s story

Eth is a rice farmer living in a village in Prey Veng province in Cambodia. She is 54 years old and has two children aged 15 and 20 years old. She has been cultivating rice to earn income for her family’s living for over 20 years, while her husband is a farmer as well. This family can makes around 6 USD per day.

Because of weather conditions unfavourable to farming, Eth has formed a group of three members to request a group loan; she will use her portion to purchase natural fertilizer for her rice farm.

Confident that she will earn higher profits, Eth will use her profits to expand her farm, renovate her house and support her children to get higher education.

In this group: Samai, Eth, Te

This loan is special because:

It provides low-income rural communities with access to finance and training services. 

Juan
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.

Contact Information:

Eth Group

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