Phem L. is 59 years old and married. To help provide for her family's needs, Phem L. sells a few grocery items out of her home. She has been in this business for years and earns approximately $2.50 per day. To help contribute to the family, her husband works as a wood builder in the village. This couple has been married for years and they have six children: five are married and have already moved into their own homes and one is single. Phem L. hopes to enlarge her business and is applying for a loan to be used to accumulate a larger number of necessary grocery items 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.