Mr. Prum B. is 32 years old and lives with another family member in Kampong Chhnang Province. He inherited a plot of land from his grandparents, who died of senility years ago. On this land he plants crops, including rice and vegetables, from which he earns a living.
He is a widower with three kids who are going to school or work as temporary laborers. Prum B. complains that his current income is not adequate to support his family. He wants to improve his family's finances with the assistance of Kiva's project partner, HKL, in order to invest in a new suitable trade.
He requested a loan of $1050 to buy many pairs of oxen, which he will sell and hire to get extra income.
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.