Mrs. Oeun, 52, lives in a common law relationship and has five children. She is a local farmer from Kompong Chhnang province. She tills a parcel of land for growing rice crops. She makes an annual profit from her business. Mrs. Oeun plans to expand into additional farmland for more income. However, she does not have sufficient capital to achieve her purpose. She said, “I’ll be able to generate the rice production at a high rate with my experience, and then I can keep it for daily food as well as sell it for money.”
Mrs. Oeun has applied for a loan from Kiva through HKL to buy extra farmland and mineral fertilizers to provide crop maintenance to her rice crops. The loan will be of much help for her to be able to invest in her rice crops.
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.