Leng S., 52, buys cows from people who live in rural areas, fattening and then selling them for profit. He normally makes around $6 per day to meet his family’s daily living expenses. His wife takes care of their seven children, maintains the home, and sells a variety of vegetables in the busy local Pursat Market. Leng S. is requesting this loan to buy several cows currently available at cheap prices in order to sell them later.
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.