Mrs. Tith is a diligent widow woman who comes from a low income family. Her husband passed away and left five children living with her in Ang Snoul district, Phnom Penh city. To raise her children and provide them a comfortable living, Mrs. Tith works tirelessly and tries hard from dawn to dusk working on her own farmland. However hard she works, she is able to generate a maximum of USD2.5 each day. Presently, two of her children are ready married and live independently in new homes.
Mrs. Tith wants to change her standard of living by operating a rice selling business in her community, but she doesn’t have enough capital and good transportation to begin her new business. Mrs Tith now is applying for a loan from HKL, a longstanding partner with KIVA, to purchase a second-hand motorcycle. With the remaining funds, she’ll supplement to her present capital to start running her new business. She hopes that she’ll be able to create more income by using these funds.
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.