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Chhorn
Mr. Chhorn P., 45, is a humble father who has eight children. Three of them are working at different jobs and provide their small incomes to support the family’s food needs. Currently, he owns a car that he uses to supply a taxi service for income (Chhorn P. was busy at his taxi business so his wife is in the photo instead.) His wife stays at home to do housework and also to produce traditional brooms for sale. Since the family’s house is old and too small for them, Chhorn P. has been planning to build a new house for a long time, but he doesn’t have enough money to start the construction. Therefore, he requests a loan of US$1200 from Kiva through HKL to be added to his savings which will enable him to begin building a new house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Chhorn to begin building a new house.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011