Doung S., 47, is a widower and the father of three children. All three of them are still teenagers and attend school.
He has a job as a local barber and rents a small workshop, located in the market, to provide his service. Most of his clients are men who come to buy merchandise in the market. He normally generates an average of $5 profit a day and uses his income to meet all his children’s needs.
Doung S. has been renting the shop at an expensive rent for years. Right now, he wants to own a shop in the market but he hasn’t enough money to do so. Therefore, he has decided to look for a loan from Kiva to add to his savings in order to purchase a shop and some barbering tools.
Hattha Kaksekar Limited is one of the largest and most successful microfinance institutions (MFIs) in Cambodia. The organization provides microfinance services to the poor, particularly women, in urban and rural areas. Kiva lenders’ funds will be used to expand the outreach of HKL’s financial services to a greater number of clients in rural areas of Cambodia.