Nget S. has spent his life cultivating crops in the province of Kompong Cham. This is a skill he learned as a young man from his grandparents. Nget S. is married and has two school-aged children. His wife frequently works in the field alongside him. Nget S. will be using his loan to add to his personal savings, which, once he has enough, he plans to use in order to buy a plot of his neighbor’s farmland near his house, which is a good location for farming. He will then rent out this land to farmers for a fee. The loan will thus provide him with an additional new asset. The rest of the fund will be used to buy peanut seeds for planting.
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.