Phon S., 24 years old, is a car taxi driver in Kompong Cham Province where he lives with his elderly mother, a local farmer. He runs his business along the streets from his province to Phnom Penh City every day. Most of his family’s income comes from his car taxi driving, and he typically earns an average of US$ 10 a day.
Unfortunately, his car has broken down during use, and now his savings are not enough to buy car parts. To solve the problem, Phon S. has decided to seek a loan of US$ 1100 from Kiva, which he will use to purchase car parts to repair his broken-down car.
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.