Mr. Nut C., age 72, and is a modest father of three children, two are married and one is single. His wife stays at home to be responsible for housework. Nut C. is currently a cultivator, growing vegetables and fruit to earn a living. Another source of family income comes from his children who are working in different occupations; two are silk skirt sellers and one works in Phnom Penh. Nut C. saw that his children’s selling silk business is a profitable one for the family, so he decided to request a loan of $600 in order to purchase a large quantity of silk skirts to sell.
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.