Khoeng K. is 38 and the father of three school-aged kids. Khoeng K. and his wife now live in Phnom Penh City. Khoeng K. earns his income as a fish trader in the busy market with his wife. This couple always buys fresh fish in bulk from fisherman in the rural area, and then they sell it to gain daily income. Generally, Khoeng K. used his old motorbike for picking up his product to take to the market, but it broke while driving. He wants to buy a new one, but his personal savings are insufficient. So Khoeng K. would like a loan in order to buy new motorcycle to replace the broken one, and with the rest buy more fish to sell.
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.