Mrs. Chann and her husband are in the same business, cultivating rice crops for their livelihood. Chann is 52 years old now and has got 10 children. Three of her children live independently with their new families. However hard this couple strives to work on their farm, they are able to earn only a low income of $2.00 per day to support the whole family. Because of this tough situation, three of her daughters decided to quit studying and start work as garment factory workers like other villagers in order to help their parents.
Chann has a pond next to her house. She made it for water but this year she intends to raise some fish there for more income. Now she is taking out a loan from Kiva to use on her farming business and buy some small fish to raise. She hopes that she’ll be able to expand her fish raising business and earn a better income from it in the future.
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.