From Ornlong Veng district of Siem Reap province, Mr. Chay, 61, is a retired soldier who usually assists his wife to do housework and looks after the family. He has four children, two of whom are already married, and are soldiers who live away with their wives.
Mr. Chay’s wife helps him in earning an income by selling used clothes in a local market of the province, earning approximately $5.00 per day. But recently she has run out of her stock of clothes, and it is certain that she needs additional funds to purchase more stock again. Therefore, Mr. Chay decided to borrow some funds from Kiva to support his wife’s selling business. With the increased in income, Chay wants to fix and decorate his 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.