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Soem
From the province of Kompong Chhnang province, Soem R. weaves bamboo baskets for sale. She sells her finished product to buyers who come directly to her house. She makes over fifty sets of baskets before selling out. She also orders baskets from the other villagers and sells them to make extra profit. Her husband helps her buy the raw materials and weave baskets. Usually, the couple can earn an average of $3.50 per day for supporting their family’s needs.

Due to the coming harvest season, Soem R. would like to purchase many sacks of rice to store and then resell when prices are high. Soem R. is a 65-year-old married woman blessed with three children, and all of her children are married.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Soem to purchase rice to stock up while prices are low for future sales.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2011
Listed
Feb 8, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012