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Phon
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.

Additional Information

About 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.

About Cambodia

  • $2,600
    Average annual income
  • 293
    View loans »
    Cambodia Loans Fundraising
  • $37,544,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Phon to purchase car equipment to repair his broken-down taxi.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2012