Agriculture is one of the major business sectors for the Cambodian people, one of whom is Mrs. Piv, 33, who resides in Kompong Speu province. Mrs. Piv is married and has one child who is not yet enrolled in school and is living under her care.
Mrs. Piv's husband also helps her grow their rice crop. They typically earn around $2.5 US per day to cover household expenses but this main income is not enough for the whole family. Mrs. Piv wants to expand her business and gain more profit to improve her living conditions. Therefore, Mrs. Piv wants to receive a loan in the sum of $600 from HKL and Kiva. She wants to use it to buy a cow for farming as well as for breeding for calves. With the increase in income, Mrs. Piv wishes to send her child to school and fix some parts of her house.
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.