Mrs. My Y. is a hard-working woman who has spent her life with her own small business in order to earn money to feed her children. She has been producing several types of traditional cakes to sell. She owns a medium size store inside a primary school where she sells her cakes to the students, earning $5 a day. She also received help from her husband with selling these items.
This older couple are the good parent of seven children. Two of their children are now married and live away from home, while the remaining five are single, going to school or work. My Y. is concerned that her current income is not adequate as her business suffers from insufficient financial capital. My Y. request additional funds to increase her capital which will allow her to improve her profits. This is why she has decided to ask for a $500 loan from Kiva.
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.