Mr. Vann S. is a low-income earner living in a rural area of Siem Reap, Cambodia. He operates his own business, buying and selling a variety of vegetables at the market. Additionally, Vann S. and his wife plant a few crops on their own farmland. They have four teenage children, all of whom are no longer in school and currently work at different jobs. In the past, not having his own vehicle, Vann S. always hired a neighbor’s motorcycle to pick up his vegetables to sell at the market. He now hopes to reduce this fee by asking for a loan to purchase a new motorbike. With any remaining cash from the loan, he will grow rice crops.
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.