Phann T. is a 38-year-old married man who earns his daily living by driving a motor taxi in Siem Reap province. He normally generates a profit on average of $5 each day. Phann T. has a life partner in his wife, a tailor in Phnom Penh City, earning a profit around $5 per day, which she shares with Phann T. for daily expenses. This couple has two children; both of them are studying in a local school.
Unfortunately, their existing motorbike has often broken down during use. Because of that, Phann T. has decided to seek a loan of $1200 from Kiva, which he will use to change the broken motorcycle. With the rest of the funds, he will support his wife's business.
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.