Mrs. Som L., 33, sells various kinds of grocery inventory out of her home to earn a living. She buys the items in bulk from wholesale suppliers and sells them retail to people who are her nearby neighbors. Som L. is a single mother who has given birth to two kids, both of whom are going to secondary school. She currently has an oldest sister who lives with her and helps her with the business.
Som L. is running her business well because she has skills in public relations which she uses with her customers. However, her income is not very much as her business has a low capacity due to insufficient financial capital. Som L. wishes to have more money to increase her capital which will allow her to improve her profits. This is why she has decided to ask for a loan through Kiva’s field partner, 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.