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Rit
The picture above shows Mr. Rit P., who is a man on low income living in Phnom Penh City. He owns a big area of farmland next to his house, on which he and his wife grow a variety of vegetable crops. Rit P. always plants his crops twice a year and can collect his mature crops three times per year.

For this coming harvesting rice season, rice is commanding the lowest price. Rit P. thinks that it is the time when he could earn additional income, so he is requesting a loan for capital so he can order rice in bulk to store in his home. He will sell it to gain income when the rice commands a high price.

Additional Information

About HKL

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.

About Cambodia

  • $2,600
    Average annual income
  • 100
    View loans »
    Cambodia Loans Fundraising
  • $35,481,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rit to order rice in bulk to store for future sale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 16, 2010