Sek is a village man, 41, living in the Reussey Keo commune of Phnom Penh city. He works with a local crane truck where he can earn about $5 per day and is married to Vannat, 39, with three children. Vannat sells items such as pork, fish, and vegetables, and typically makes $5 profit a day to meet her family’s daily expenses. Two of their children are married and live separately. The youngest child is going to operate a local hair and beauty salon in order to increase the family’s income. What this whole family dreams of in the next few years is living in a new house and operating a bigger hair and beauty salon. The majority of the loan is to invest in their daughter’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.