S. is blessed with three children; one is already married and the other two are single. His wife works as a local chef for wedding parties and also spends time at home to do housework.
This family has been planning to build a new home but the construction processes have not been able to start because of a lack of essential material. Therefore, S. decided to request a loan of $800 to buy equipment in order to build a new house. (Mr. S.'s wife is pictured.)
About HKLHattha 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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